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Bitcoin reaches new all-time high above $111,000 amid regulatory hopes

  • Bitcoin surged to a new all-time high above $111,000, driven by factors like growing institutional demand and positive regulatory signals from the US.
  • The cryptocurrency market saw smaller tokens like Ether also benefiting from the bullish sentiment, with Bitcoin reaching a record of $111,878.
  • Optimism around Bitcoin was fueled by progress on a stablecoin bill in the US Senate and increasing demand from institutional players like MicroStrategy.
  • The current Bitcoin rally is supported by quantifiable demand and supply dislocations, with experts noting a flight to quality within the digital asset space.

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