#BTCBreaksATH Market Dynamics and Contributing Factors

The recent rally in Bitcoin's price is attributed to several key factors:

Easing U.S.-China Trade Tensions: A 90-day trade agreement between the United States and China, announced on May 12, temporarily reduced import tariffs, alleviating economic uncertainties and boosting investor confidence.

Regulatory Advances: The U.S. Senate's progression on a bipartisan bill to regulate stablecoins has been perceived positively by the market, signaling a more structured approach to cryptocurrency regulation.

Institutional Adoption: Increased institutional interest and investment in Bitcoin have provided additional momentum to its price surge.