Crypto Confidence Returns: Bitcoin Hits New Peak Above $110,000

Bitcoin price reclaimed a bullish edge this week, topping $111,000 for the first time in its history and rallying more than 33% over the past month. The surge reflects institutional demand, ETF inflows, and growing confidence in U.S. regulatory clarity. Inflows into U.S. Bitcoin ETFs alone surpassed $3.6 billion in May, their largest monthly total since January, while Bitcoin briefly touched $111,816 during Asian trading on May 22, 2025. At the same time, the U.S. Senate moved forward on the bipartisan GENIUS Act, a stablecoin regulation bill analysts say could expand the market from $248 billion today to $2.5 trillion by 2030. Traders are now pricing in targets between $125,000 and $300,000 by late June. Bitcoin Price Hits New ATH Bitcoin price jumped as much as 2.2% to $111,492 in early Asian trading on May 22, 2025, before settling slightly lower. The rally sent Bitcoin’s one-month gain to over 33%, reversing a 25% correction from its January high above $100,000. BTC/USDT Chart| Source: TradingView Ethereum rose 4.5% to $2,619, and Solana climbed 1.9% to $176, underscoring a broad crypto upswing. According to FundFlows data, U.S. Bitcoin ETFs drew more than $3.6 billion in new capital this month, their largest inflow since January 2025. Strategy, the largest publicly traded Bitcoin holder, boosted its position by over $50 billion this quarter, reinforcing a trend of corporate accumulation. Twenty-One Capital, backed by Cantor Fitzgerald and SoftBank, also announced significant Bitcoin purchases, mirroring Strategy’s model. On May 20, 2025, the U.S. Senate passed a procedural vote on the GENIUS Act, a bipartisan bill to regulate dollar-pegged stablecoins. Market participants view the legislation as a critical step toward clearer rules and reduced legal uncertainty for crypto firms. Under the new framework, Standard Chartered projects stablecoin market growth to $2.5 trillion by 2030, up from $248 billion today. Options Market Sentiment Deribit data show peak open interest around the $110,000, $120,000, and $300,000 strike prices for contracts expiring June 27, indicating traders expect further gains. Options traders now forecast a rally to $120,000 by month-end, with bullish positions swamping bearish bets. Analysts at Deutsche Bank note that easing U.S.-China trade tensions and a softer dollar have reinforced Bitcoin’s appeal as a hedge. Tony Sycamore of IG Markets described the January–April pullback—from above $100,000 to below $75,000—as a healthy correction within a longer uptrend. Bloomberg reported that growing bipartisan support in Congress for crypto regulation underpins renewed institutional interest. Bitcoin’s ascent above $111,000 underscores that market sentiment now hinges as much on policy and institutional flows as on macroeconomic trends . The convergence of ETF inflows, corporate purchases, and stablecoin legislation has reignited investor confidence. As the GENIUS Act progresses and options markets price in even higher targets, traders and investors alike will watch to see if Bitcoin can sustain its momentum and reassert its role as a leading digital asset. BTC is currently trading at $110,480 after a slight correction from new ATH, according to CoinGecko data. The crypto king is up 3,8% over the past 24 hours.