Bitcoin reaches a record high exceeding $105,000.

The digital currency market witnessed an upward trend on Sunday, May 18th, with the price of Bitcoin jumping by 2.27% to reach $105,509.00, supported by improved investor sentiment towards high-risk assets, in light of the trade agreement between the United States and China.

Bitcoin's market value reached $2.1 trillion, up from $2.059 trillion on Saturday, and from $1.309 trillion a year ago, reflecting a daily growth of 2% and around 60% annually.

Other digital currencies also saw significant increases, with Ethereum rising by 3.66% to $2,559.87, while Solana jumped by 5.52% to $174.64.

This surge follows Bitcoin surpassing the $100,000 mark last Thursday, reaching $102,385 for the first time since early February, supported by a broad trade agreement between the United States and the United Kingdom.

This improvement in cryptocurrency prices indicates a decrease in global trade tensions, especially after U.S. Treasury Secretary Scott Beeson's statement on Sunday, where he said: "He expects to reach a number of regional agreements as a result of ongoing trade talks, with tariffs suspended for 90 days."

Beeson added: "The timing of any final tariff rates will depend on whether countries negotiate in good faith."