Bitcoin surges past $105,000, Ethereum jumps 8% and altcoins rally; traders eye Powell’s speech for next leg up

Bitcoin soared past $105,000, fueled by eased geopolitical tensions following a ceasefire agreement and significant inflows into spot ETFs. Altcoins also surged, with Solana, Sui, and Chainlink leading the gains. Market sentiment turned greedy as investors await Federal Reserve Chair Jerome Powell’s comments for further cues on interest rate policy.