【Bitcoin Breaks Through 110,000 USD Mark, Setting a New Historical High】

On May 22nd at midnight Beijing time, the price of Bitcoin briefly surpassed 110,000 USD on trading platforms such as Binance, reaching a maximum of 110,797.38 USD, with a 24-hour increase of 1.11%, marking a new historical record since it was last set in January of this year. CoinMetrics data shows that Bitcoin closed the day up 2%, at 108,955.10 USD, having briefly retraced some gains during the day due to fluctuations in U.S. Treasury yields, but quickly rebounded thereafter.

This milestone breakthrough is attributed to multiple macroeconomic positives: the slowdown of U.S. inflation, the easing of U.S.-China trade tensions, and Moody's downgrade of the U.S. sovereign credit rating, which has driven surging demand for Bitcoin as an alternative store of value. On-chain data shows a decrease in Bitcoin inflows to exchanges, a record high in the supply of stablecoin USDT, and a significant reduction in market selling pressure. Additionally, the cumulative inflow of funds tracking Bitcoin ETFs has surpassed 40 billion USD, with institutional investors continuing to increase their positions, and the amount held by listed companies has grown by 31% year-on-year.

Currently, Bitcoin's market capitalization has surpassed 2.15 trillion USD, exceeding Amazon and becoming the fifth largest asset globally. Analysts from HashKey Group point out that the advancement of the U.S. 'GENIUS Stablecoin Act' has injected confidence into the market, while the supply tightening pattern, with long-term holders locking in 70%, further supports the upward price trend. Although short-term volatility remains, Bitcoin has accumulated a 15% rise in May, gradually shaking off the gloom caused by tariff uncertainties, demonstrating strong resilience. #BTC再创新高