Bitcoin Price Hits $110K as Fed Rate Cut and U.S.-China Deal Trigger Market Activity

Bitcoin reached the $110,000 price level as cryptocurrency traders engaged in profit-taking following the Federal Reserve's interest rate reduction and new trade agreements between the United States and China. The market movement reflects typical "sell the news" behavior where investors capitalize on positive developments. Major cryptocurrencies including BTC and ETH showed significant volatility during this period as institutional and retail traders adjusted their positions in response to macroeconomic developments.