$BTC Bitcoin traded near $107,700 today, edging down ~1.7% after earlier peaks above $110,000—a historic high earlier this week  . In May, BTC surged over 10%, approaching a record $112K thanks to robust institutional inflows, NFTs, and ETF gains  . Analysts attribute recent momentum to cooling U.S. inflation and anticipation of Federal Reserve rate cuts, boosting appetite for risk assets  . Meanwhile, regulatory clarity is advancing: the U.S. Senate is nearing final approval of the GENIUS Act for stablecoins  , and UK regulators are considering retail access to crypto‑ETNs  . Overall sentiment remains bullish, supported by institutional demand and macroeconomic tailwinds.