The cryptocurrency market surged following news of a new U.S.-U.K. trade agreement, according to Benzinga. The rally pushed Bitcoin above $100,000 and sparked rallies across Ethereum, XRP, and Dogecoin. Blockchain data firm IntoTheBlock reported a 2.3% increase in large transaction volume and an 8.7% rise in daily active addresses. Transactions over $100,000 climbed by nearly 1,000 in a day. Coinglass recorded $583 million in liquidations over 24 hours, mostly short positions, marking the highest level since April 22. Crypto analysts expect a strong altcoin rally as Bitcoin consolidates above $100,000, with declining BTC dominance and bullish signals confirming renewed market strength.
