Wow! Bitcoin Hits US$110,872
Bitcoin (BTC) has set a new record by surpassing its all-time peak price of US$110,872, showing an increase of more than 4% in the last 24 hours.
Based on information we quoted from Beincrypto media, this surge was triggered by a combination of institutional accumulation through ETFs, regulatory developments in the United States, and liquidation pressure from short positions.
Factors Driving the Price Increase
This significant increase in the price of Bitcoin was driven by a number of strong fundamental factors, including increasing institutional investment, supportive regulatory developments in the United States, and massive buying by major market players.
The combination of accumulation through ETFs, regulatory clarity, and aggressive investment strategies from companies such as MicroStrategy have created bullish momentum that has pushed Bitcoin to its all-time high.
Institutional Investment through ETFs
According to an analyst named Fyqieh Fachrur, on May 21, the flow of funds to the spot Bitcoin ETF reached US$667 million. BlackRock dominates through IBIT, which now manages more than 625,000 BTC.
Regulatory Progress in the US
Bitcoin price is getting a boost from the progressive steps of the GENIUS Act bill in the US Senate, which is a positive signal for stablecoin regulation and wider crypto adoption.
MicroStrategy’s Big Buy
MicroStrategy, now rebranded as Strategy, continues to accumulate Bitcoin in large amounts.
The company recently purchased 13,390 BTC worth US$1.34 billion, causing Bitcoin reserves on exchanges to hit a multi-year low.
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Investment Strategy: Realize Profits or Hold?
With these highs, investors are faced with a dilemma: take profits or hold on to assets?
Fyqieh suggests reviewing each investment objective and designing a profit-taking strategy accordingly, without rushing to leave the market.
Conclusion
This Bitcoin price increase reflects solid fundamental support. However, the decision to sell or hold should take into account an individual’s investment objectives and risk tolerance.
