Bitcoin initially rose to $109,857 in value during trading Wednesday morning as trade war tensions eased between the United States and China and a recent U.S. credit downgrade.

The world's largest cryptocurrency touched a high of $109,481.83, a 2% gain on the day. Bitcoin, at times, trades in a similar fashion to tech stocks and other assets that rise…

Bitcoin initially rose to $109,857 in value during trading Wednesday morning as trade war tensions eased between the United States and China and a recent U.S. credit downgrade.