Bitcoin price jumps over 3% to $111,596. What’s fuelling the crypto rally today?

The price of Bitcoin, the global cryptocurrency market’s benchmark digital asset, jumped more than 3% during Monday’s trading session as the digital currency’s rally was fuelled by the strong volumes and broader market momentum.

CoinMarketCap data collected on 20 October showed that Bitcoin prices jumped 3.66% during the intraday session to $111,596.30, when compared with $107,650 levels 24 hours ago. The crypto price rallied to its high level around Monday afternoon.