#BTC New record above $111k amid regulatory news and inflow into ETFs.

On Thursday, #BTC reached a peak of $111,834.1, significantly surpassing the previous record above $109,000. Bitcoin has risen more than 18% since the beginning of May.

Bitcoin is at a record high thanks to regulatory news. The bill, officially titled "The Act for Guiding and Establishing National Innovation for U.S. Stablecoins", advanced in the U.S. Senate this week.

Investors view this bill as a key step towards comprehensive cryptocurrency regulation, which could provide legal clarity and encourage broader institutional participation in the digital asset space.