Bitcoin on the verge of a new surge: $112,000 is getting closer!
On the evening of May 22, Bitcoin almost touched the $112,000 mark, demonstrating confident growth amid strong inflows into exchange-traded funds. On the Binance exchange, the BTC/USDT pair reached a local maximum of $111,980, and by the time of publication, the rate had slightly corrected to around $110,650.
What is particularly impressive is that Bitcoin's market capitalization exceeded $2.2 trillion, surpassing Amazon and Google in this metric. Currently, digital gold is only behind Apple ($3 trillion), Nvidia ($3.24 trillion), and Microsoft ($3.38 trillion).
Investments in ETFs are not slowing down: just in the last week, $3.22 billion has been invested in Bitcoin products, with $934 million coming in just one day — May 22. The total inflow since the launch of the ETF has reached $44.31 billion, while the total assets under management amount to $134.3 billion.
Large companies continue to buy BTC: MicroStrategy has filed an application with the SEC to issue preferred shares worth $2.1 billion with the aim of replenishing its BTC reserves. The overall goal is to raise $42 billion.
Against this backdrop of activity, not only Bitcoin but also altcoins (such as Solana, Dogecoin, and Cardano) are showing significant growth — this could only be the beginning of a new impulse in the market.