Bitcoin (BTC) Hits New All-Time High, Surpassing $100,00

Bitcoin recently hit a new all-time-high after it rose nearly 3.5% to $111,880. Bitcoin's market cap is now approaching $2.2 trillion, surpassing Amazon.

Bitcoin (BTC) recently hit a new all-time high of $111,880 as the price rose nearly 3.5% in the past 24 hours. It is also worth noting that Bitcoin’s market cap is now approaching $2.2 trillion, surpassing Amazon.

Amid these exciting times, Binance former CEO Changpeng Zhao was quick to react to Bitcoin’s all-time high. According to him, investors who sold their tokens when the price was $77,000, missed out on big profits.

He also had advice and suggested looking at long-term trends instead of getting caught up in short-term price changes. Investor Fred Krueger shared that once the $110,000 level is breached, there won’t be any blocking and it will be a smooth path straight to $150,000.

Bitcoin ETFs See $3.6B Inflows in May, Institutional Interest Rises

As Bitcoin broke past the $110,000 mark, spot ETFs recorded big gains. Investors poured in $608.99 million in new capital, pushing the total net asset value of all BTC spot ETFs to $129.02 billion as per data from SoSovalue.

The demand is not just from crypto funds or retail traders, as public companies are now looking at BTC as a treasury asset. The big institutions are fueling the Bitcoin rally and the trend may continue. May alone saw $3.6 billion net inflows in ETFs.

Exchange inflows have dropped 82% since November, while the liquidity is booming with USDT reserves at $46.9B. Unexpected moves like JPMorgan offering clients access to Bitcoin marks a major shift which could also push other big players to embrace crypto.

Bitcoin just hit a new all-time high.Exchange inflows are down 82% since November.USDT reserves at $46.9B—liquidity is booming.