Overview

• Bitcoin reached a new all-time high of over $111,800 on May 22, fueled by increasing institutional investment and growing market confidence.
• U.S. Senate advanced a stablecoin regulatory framework earlier this week, signaling greater clarity and legitimacy for the cryptocurrency sector.
• JPMorgan Chase announced it will now allow clients to purchase Bitcoin, reflecting a shift in institutional acceptance of digital assets.
• Spot Bitcoin ETFs recorded over $2.8 billion in inflows this month, highlighting strong investor interest and contributing to the price rally.
• Macroeconomic factors, including a weakening U.S. dollar and concerns over fiscal policy, have bolstered Bitcoin's appeal as a store of value.