Bitcoin's price rose to a new record high of over $111,000 on Thursday (May 22, 2025), supported by regulatory optimism in the United States, especially with the progress of the GENIUS bill that establishes a legal framework for stablecoins. The cryptocurrency reached a peak of $111,834, with a monthly increase of over 18% in May.

Key driving factors:

1. Legislative progress: The bill has progressed in the U.S. Senate, which is expected to vote on it soon and send it to President Trump for approval, providing regulatory clarity and encouraging institutional adoption.

2. Strategic reserve: The Trump administration's creation of a "Strategic Bitcoin Reserve" in March 2025 to enhance the U.S. leadership in digital assets.

3. Investment flows: Continued inflows of money into Bitcoin ETF funds on Wall Street, with major firms like Fidelity and BlackRock expanding their offerings.

4. Wall Street shift: JPMorgan Chase's announcement allowing clients to buy Bitcoin, despite previous criticisms from the CEO, reflecting a shift in the stance of financial institutions.

These combined factors enhance investor confidence and signal a fundamental shift in the global acceptance of digital assets.