Bitcoin Climbs Above $110,000 as Trump Media Reportedly Plans $3 Billion Crypto Buy

Crypto markets posted mild gains on Monday after a volatile weekend, driven by optimism over a US-EU trade deal and a report that President Trump’s media company plans to raise $3 billion to buy cryptocurrencies.

To that end, Trump Media and Technology Group aims to raise $2 billion in equity and a further $1 billion through a convertible bond, according to the Financial Times.

On Sunday, Trump agreed to delay the implementation of trade tariffs on European goods until July 9 to allow for negotiations, boosting investor sentiment. He had initially called for the 50% tariffs to start on June 1.

Bitcoin is up 3% over the past 24 hours, trading around $110,000. Meanwhile, Ether gained 2.5% to $2570, XRP rallied 2%, and SOL surged 4% to $177 in the same period.

The overall crypto market capitalization is up 1% to $3.58 trillion, according to Coingecko.

Among the Top 100 digital assets, Solana-based Jupiter (JUP) is today’s best performer, surging nearly 20%, followed by Virtuals Protocol (VIRTUAL) and Artificial Superintelligence Alliance (FET), which gained 15% and 13%, respectively.

Around 67,000 leveraged traders were liquidated for a total of $169 million in the past 24 hours, according to CoinGlass. Bitcoin accounted for $45 million, while ETH made up $41 million.

After seven straight weeks of gains, the Bitcoin Fear and Greed Index hit ‘Extreme Greed’ for the first time since late January.