Bitcoin Surges to Record High of $111,000 Amid Growing Institutional Support

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Bitcoin reached an all-time high of over $111,000 on Thursday, continuing its remarkable bull run in 2025, despite declines in US stock markets, particularly the tech-heavy Nasdaq. Analysts attribute this surge to heightened institutional interest, with significant inflows into bitcoin investment products amounting to $557 million last week, raising year-to-date totals to $7.5 billion, according to Nexo Dispatch analyst Iliya Kalchev.

Regulatory developments in the United States are also bolstering market confidence. The GENIUS Act, aimed at providing a regulatory framework for stablecoins, advanced in the Senate, potentially alleviating compliance concerns for cryptocurrency firms. Lane Rettig, head of research at Near Foundation, emphasized the importance of ensuring regulatory clarity without imposing excessive burdens on startups.

Supply dynamics contribute significantly to Bitcoin's price rise, as reserves on centralized exchanges have dwindled to historic lows. Data from CryptoQuant indicates that 7,206 BTC were withdrawn from exchanges in the last 24 hours alone. With ongoing demand and reduced supply, analysts expect Bitcoin's rally may continue, with Standard Chartered forecasting prices could eventually reach $200,000.

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