Bitcoin is surging near record highs Tuesday afternoon. Analysts are bullish, citing strong fundamentals. Here’s what is fueling BTC’s breakout.

Bitcoin prices retreated from record territory early Friday as President Trump's latest tariff threats rattled markets. The price of a single coin was off by nearly 3% in recent trade at $108,137, according to data from CoinDesk.

Bitcoin has just hit a staggering all-time high, soaring past $110,000 on Wednesday evening. This impressive surge marks a significant milestone for the digital currency, which had previously peaked during President Donald Trump’s inauguration back in January.