The Surge of Bitcoin (BTC) Price Towards $110K
Bitcoin (BTC) has recently experienced a significant surge in value, reaching its highest rate since June 11 at around $109,500, marking a 3.5% increase over the past 24 hours. This surge comes amidst global economic developments, with the U.S. announcing tariffs on Vietnamese products. Under this agreement, the U.S. will impose a 20% tariff on goods from Vietnam and a 40% levy on transshipped products. In contrast, U.S. exports will face no tariffs when entering the Vietnamese market.
Enhancing the positive sentiment in the crypto market is the introduction of the REX-Osprey Solana + Staking ETF (SSK), the first crypto staking product of its kind available in the U.S. Bloomberg analyst Eric Balchunas recently noted, ‘Volume in $SSK now at $20M, which is quite robust, leading 1% for a new launch.’
