Bitcoin (BTC) price breaks out to hit a new all-time high of $111,970.17, setting a Bitcoin Pizza Day record

 With a steady recovery amid easing trade tensions and increasing institutional plays, Bitcoin (BTC) has broken out and established an all-time high of $111,970.17

Bitcoin (BTC) has continued its steady recovery amid easing trade tensions and increasing institutional plays, breaking out to hit a new all-time high of $111,970.17 on Bitcoin Pizza Day, which is May 22. On this date in 2010, programmer Laszlo Hanyecz bought two pizzas for 10,000 BTC, the first instance of using Bitcoin to purchase a physical good.

According to CoinMarketCap data, institutional inflows have grown tremendously this year, and the total inflow in BTC ETFs in 2025 has surpassed $3.1 billion. With this, the total Bitcoin ETF market cap has reached $134.77 billion, and BlackRock’s IBIT holds the most out of all firms with a total AUM of over $71 billion.

As Bitcoin rises to new highs, supported by increasing institutional digital asset adoption, it is sparking a massive bull run in the broader crypto market. Due to improving market conditions, traders’ risk appetite is increasing, and altcoins have started to gain momentum.

Due to altcoins outperforming Bitcoin, the BTC dominance index crashed earlier this month and now faces strong rejection near the 64% level. A sustained decline in Bitcoin dominance indicates that capital is rotating out of the market leader into altcoins on a large scale, signaling the start of the 2025 altcoin season.

With this bullish market sentiment, meme coin ICOs are now exploding with demand as investors rush to acquire tokens at undervalued prices.

Among the best crypto presales is Bitcoin Pepe (BPEP), the first meme ICO on Bitcoin, which has raised over $11.2m in the presale. The BPEP presale saw a massive $1 million pump within 24 hours of announcing its May 31 listing and unveiling strategic partnerships with multiple gaming, content, and DeFi platforms, like GETE, Plena Finance, GemuPlay, and BETV.

Bitcoin Pepe (BPEP): May 31 listing sparks FOMO

Bitcoin Pepe (BPEP) is the first meme layer on BTC and is thus perfectly positioned to undergo immense growth as the Bitcoin price surges to new all-time highs and drives bullish market sentiments.

The project has witnessed tremendous community backing over the past few weeks, which is accelerating as we approach the May 31 token listing across Tier-1 exchanges. Ahead of this listing, Bitcoin Pepe has made alliances with a diverse range of leading platforms to provide utility to its BPEP token and allow users to use the asset as soon as it debuts.

However, it is not just another meme project and has a serious mission of building “Solana on Bitcoin.” Bitcoin Pepe aims to bring all meme coins to the Bitcoin network, which has not yet been possible due to technical limitations. It is achieving this goal by bringing Solana-like speed and scalability and merging it with the security of the most trusted blockchain.

With its PEP-20 token standard, Bitcoin Pepe is breaking multiple barriers to token creation, bringing all the meme assets back to the original blockchain. With PEP-20, you can launch memes natively on BTC and unlock its $2 trillion idle capital to have the best meme trading experience on the most trusted network.

As investors rushed to join the Bitcoin Pepe ecosystem, the staking pools have been filled with over 200 million tokens. In the last days of presale, BPEP is currently available to investors at $0.0359, which is still undervalued as the token’s value will keep surging until the May 31 listing. After listing on major CEXs, BPEP could witness an explosive surge, as with more exposure, the buying pressure would increase.

Dogecoin (DOGE): Institutions adopt meme king DOGE

As Bitcoin drives adoption, the biggest and oldest meme, Dogecoin, is also gaining institutional trust. Recently, Grayscale sent a proposal to the SEC to apply for approval to convert its Dogecoin Trust into a spot Dogecoin ETF. Additionally, 21Shares has also filed for a Dogecoin ETF, which plans to track DOGE prices and provide retail investors with exposure through traditional brokerage accounts.

However, the SEC has delayed these approvals to conduct investigations and started the public comment phase as a standard procedure. Due to this decision, the Dogecoin price lost some momentum in its uptrend, but investors have resumed accumulation, and the price has started to recover.

Dogecoin currently trades at $0.2477 and is heading toward the $0.25 resistance to attempt another breakout after last week’s rejection. The MACD oscillator indicates increasing buying pressures, and a piece of positive news can help DOGE break out and head toward higher targets such as $0.3 and $0.44.

Tron (TRX): Justin returns to the US, fuels confidence

Justin Sun, founder of Tron, has returned to the US after years of legal scrutiny and fear