Bitcoin Sets Historic All-Time High

Bitcoin has surpassed the $111,000 mark for the first time, establishing a new historic all-time high. The influx of capital into the crypto asset continues, primarily driven by institutional buyers.

Other cryptocurrencies, ranging from XRP to Dogecoin (DOGE), have not shown significant changes. Demand is not limited to crypto funds or retail traders. Accountable companies are increasingly viewing Bitcoin as a treasury asset.

“We believe that major institutional players are fueling the rise of Bitcoin,” said Jeff May, the COO of BTSE, via Telegram. “This trend will likely continue, especially as more companies take advantage of public markets, and ETF inflows remain stable. In May alone, the net demand for ETFs amounted to $3.6 billion.”