#BTCBreaksATH110K

Bitcoin Update – May 23, 2025:

Bitcoin (BTC) has reached a new all-time high of $111,819, with strong momentum pushing it above the $111K mark. The rally is fueled by significant inflows into U.S. spot Bitcoin ETFs, particularly BlackRock’s IBIT, and rising institutional adoption. Additionally, the U.S. government's positive stance—highlighted by the formation of a Strategic Bitcoin Reserve—has boosted market confidence.

Open interest in Bitcoin options has also hit a record $65 billion, signaling heightened investor activity. The current market mood is strongly bullish, with analysts eyeing potential moves toward $120K in the near term.