$BTC *Driven by optimism over regulatory developments in the United States, particularly the progress of the GENIUS Act aimed at establishing a national framework for stablecoins, Bitcoin soared to a new high above $111,000 on Thursday.*

*The bill, formally titled the "Guiding and Establishing the Nation’s Innovation in United States Stablecoins" Act, was passed in the U.S. Senate this week.*

*Investors view the legislation as a critical step toward comprehensive crypto regulation, offering legal clarity and encouraging broader institutional participation in the digital asset space.*

*The Trump administration's establishment of a Bitcoin Strategic Reserve in March, aimed at positioning the United States as a leader in digital assets, has further fueled market enthusiasm.*

*This wave of optimism coincides with a noticeable acceleration in cryptocurrency adoption. Financial giants like Fidelity and BlackRock have recently expanded their crypto product offerings.*

*Even Jamie Dimon, who has long criticized crypto, conceded this week that JPMorgan is now allowing clients to purchase Bitcoin. Wall Street’s stance is genuinely shifting.*

*Additionally, Coinbase was officially added to the S&P 500 in early May, which is a significant milestone for the digital asset industry with profound implications.*