PANews, May 25 – According to Reuters, concerns over U.S. finances and lackluster U.S. Treasury auctions, along with Trump's attempts to push Congress to pass his comprehensive spending and tax cut bill, have led to a decline in the dollar. Against this backdrop, Bitcoin broke through $110,000 this Thursday, setting a new historical high. Part of the reason is that investors are seeking alternatives to U.S. assets, while also signaling that there is still room for further increases in the cryptocurrency bull market. These signals include: a general recovery in the stock market, funds being reinvested in Bitcoin ETFs, and the increasing number of publicly listed companies holding Bitcoin.
