Bitcoin Surges 3% to New All-Time High of $111,087 on Regulatory Tailwinds

Bitcoin (BTC) has reached a new all-time high of $111,087, marking a 3% increase in a single day and surpassing the long-held resistance zone of $108,000. This daily close above the previous highs is significant for the crypto markets, as BTC is now in a rising channel since April, characterized by higher highs and higher lows.

Technically, the breakout appears strong. The Moving Average Convergence Divergence (MACD) has given a bullish crossover, and the 50-day Exponential Moving Average (EMA) is rising, indicating a strong long-term trend. If BTC maintains its position above $113,369, the next resistance levels could be at $117,141 and $120,913. However, given that the price is at the top of the channel, a pullback to $108,000 could serve as a healthy reset and provide a second chance for long positions.

Beyond technical analysis, Bitcoin’s breakout is driven by significant regulatory tailwinds. In the United States, state lawmakers approved Senate Bill 21, allowing the state to create a Bitcoin reserve. Once signed into law, Texas will be the second US state after New Hampshire to hold crypto on its balance sheet, further legitimizing Bitcoin as a treasury asset.

Additionally, the region passed landmark legislation to regulate fiat-referenced stablecoins (FRS), including licensing, Anti-Money Laundering (AML) compliance, and reserve management. This tighter framework is expected to attract institutional capital and solidify Bitcoin as a regulated and strategic hedge in global finance. These policy changes reduce uncertainty and indicate that crypto is becoming part of the mainstream financial infrastructure, which is crucial for long-term adoption and capital inflow.

Bitcoin’s rally coincides with nervousness in traditional markets. A disappointing US Treasury auction pushed 20-year bond yields above 5.1%, with 10-year and 30-year yields also spiking. This bond market chaos is driving investors to Bitcoin as a macro hedge. Geopolitical tensions, including tariffs and currency concerns, are also eroding faith in fiat systems, further boosting Bitcoin’s appeal.

According to Caroline Bowler of BTC Markets, institutional investors are reallocating to digital assets, a trend seen with over $27 billion in BTC inflows since early May. This shift, along with ETF flows and whale activity, suggests that $160,000 is no longer an unrealistic target for Bitcoin.

As Bitcoin hovers near $111K, attention is turning to high-upside altcoins, with BTC Bull Token ($BTCBULL) gaining significant interest. With $6.17 million raised out of its $7.14 million cap, momentum is accelerating as the next presale price jump approaches. BTCBULL’s unique rewards model allows token holders to receive Bitcoin airdrops directly tied to BTC’s price rallies, with presale buyers receiving priority rewards over post-launch DEX investors.

Key statistics for BTCBULL include USDT raised at $6,172,195.39 out of $7,136,435, a token price of $0.002525, a staking pool of 1.47B BTCBULL, and a yield of approximately 71% APY. Built-in scarcity adds to its appeal, as every time Bitcoin rises by $50K, BTC Bull triggers a token burn, reducing supply and increasing upside potential for long-term holders. Staking is also attractive, offering a ~71% APY on its Ethereum-based staking pool with no lockups or withdrawal fees, providing passive yield with full liquidity.