Overview

• Bitcoin reached an all-time high of over $111,650 during early Asian trading on May 22, surpassing its previous January peak.
• The rally is supported by $3.6 billion in net inflows into spot Bitcoin ETFs in May, reflecting strong institutional interest.
• The U.S. Senate advanced a stablecoin regulation bill, signaling greater regulatory clarity and boosting investor confidence.
• Corporate treasuries, including Michael Saylor’s Strategy and other firms, continue to accumulate Bitcoin, driving demand.
• Macroeconomic factors, such as easing U.S.-China trade tensions and a weaker dollar, have positioned Bitcoin as a strategic asset.