Bitcoin Update: BTC Surges Past $110K in May 2025 – What’s Driving the Rally?

Bitcoin ($BTC ) has smashed through $112,000 in May 2025, marking a new all-time high after rebounding from April’s low of $74,500. This powerful rally is fueled by renewed institutional interest, with spot Bitcoin ETFs seeing massive inflows and countries exploring strategic BTC reserves. Binance CEO Richard Teng recently noted unprecedented buying from sovereign funds and high-net-worth individuals, signaling strong market confidence. Technical indicators remain bullish, with the 50-day and 200-day moving averages rising, supporting a price target of $120,000 short-term. Despite macroeconomic risks like potential rate hikes, Bitcoin’s dominance and on-chain data showing reduced exchange inflows suggest long-term holders are accumulating. Stay cautious of volatility, but the outlook for 2025 is firmly bullish, with analysts projecting $150K–$200K by year-end. Trade $BTC on Binance and join the conversation on Binance Square for real-time insights�