#BTCBreaksATH110K

Here's a summary of Bitcoin (BTC) based on recent information:

Current Price and Market Overview:

* Bitcoin (BTC) has recently achieved new all-time highs, with prices ranging around $110,000 - $112,000 USD.

* It has shown strong positive movement over various timeframes:

* Last 24 hours: +3.01% to +4.45%

* Last 7 days: +7.18% to +8.5%

* Last 30 days: +19.05% to +22.43%

* Last 1 year: +52.04% to +60.78%

* Bitcoin currently holds the #1 rank by market capitalization, dominating the crypto market with around 60-66% of the total crypto market cap, which stands at approximately $3.36 trillion to $3.5 trillion.

* The circulating supply is around 19.87 million BTC, with a maximum supply capped at 21 million BTC.

Recent News and Driving Factors:

* New All-Time Highs: Bitcoin has broken past its previous all-time highs, recently hitting peaks around $111,500 to $112,000.

* Regulatory Optimism: Progress in crypto regulatory frameworks, particularly regarding stablecoins in the U.S. Senate, is a significant positive factor. This signals a more structured approach to crypto regulation, boosting investor confidence.

* Institutional Adoption: Continued strong institutional interest and investment are noted. For example, BlackRock's iShares Bitcoin Trust recently added a substantial amount of BTC, indicating growing institutional confidence.

* Easing Trade Tensions: Reduced U.S.-China trade tensions have also contributed to a broader positive economic sentiment, indirectly benefiting the crypto market.

* Bitcoin Halving Effects (Recent): While the most recent halving occurred in April 2024 (reducing miner rewards to 3.125 BTC per block), historically, halvings are associated with long-term price increases due to reduced supply and increased scarcity. The market often sees positive price movements in the months following a halving, as observed in previous cycles.

Market Sentiment:

* Overall market sentiment for Bitcoin is currently bullish, leaning towards "greed" on indicators like the Fear and Greed Index (which was around 69 recently,