🟨On Wednesday evening, Bitcoin surpassed the $110,000 mark, setting a new all-time high. The price has surged over 4.5% in the past 24 hours and 23% over the past month, signaling a strong recovery from the April downturn. The momentum has been driven by both macroeconomic factors — including gains in the S&P 500 and Nasdaq — and crypto-specific news, such as progress on the stablecoin bill in the U.S. Senate.
🟨A strong inflow into Bitcoin ETFs and a more lenient trade policy from the White House have further boosted investor confidence. While Bitcoin is often referred to as a hedge asset, its price remains closely linked to sentiment in the broader stock market, especially the tech sector.