Bitcoin (BTC) surged past $111,000 for the first time, reaching an all-time high driven by increased institutional investment and public companies adopting BTC as a treasury asset.

Major cryptocurrencies like XRP and Dogecoin showed little movement, while ETF inflows reached $3.6 billion in May alone, indicating strong institutional demand.

Options traders expect further price gains, with contracts betting on BTC reaching up to $300,000 by late June.

Despite global economic challenges, Bitcoin’s resilience and growing legitimacy, marked by JPMorgan Chase offering clients access, suggest continued bullish momentum.