tl;dr
Bitcoin surged past $111,000, reaching a new all-time high driven by institutional inflows, particularly into U.S.-listed spot Bitcoin ETFs, and favorable macroeconomic factors such as increased liquidity, a weakening U.S. dollar, and geopolitical uncertainty. Since early May, Bitcoin has gained ove...
Bitcoin surged past $111,000, hitting a new all-time high driven by robust institutional inflows, especially into U.S.-listed spot Bitcoin ETFs, alongside favorable macroeconomic trends such as increased liquidity, a weakening U.S. dollar, and geopolitical uncertainties.
Since early May, Bitcoin has appreciated over 18%, with ETF holdings surpassing $122 billion as net inflows exceeded $2.8 billion this month alone. Analysts attribute part of this surge to the recent Bitcoin halving, which has tightened its supply.
Despite the bullish momentum in Bitcoin, an extensive rally in altcoins appears unlikely until two conditions are met: the resumption of quantitative easing to inject liquidity and Bitcoin dominance rising to about 70%. Currently, Bitcoin controls roughly 61% of the crypto market.
Some selective altcoins, notably newer tokens like Solana and Sui, have outperformed Ethereum, as investors prefer platforms offering scalability and strong developer engagement. Experts emphasize that Bitcoin remains the primary market driver during this price discovery phase, absorbing much of the liquidity.
Investor focus remains on whether Bitcoin’s breakout will catalyze broader gains across altcoins, though near-term altcoin strength may be limited to select projects rather than a widespread rally.