Bitcoin Reaches Record High as Altcoin Season Approaches

The cryptocurrency market saw a surge in May driven by institutional interest, supportive regulatory measures, and positive political signals, with Bitcoin breaking the $111,000 barrier. This record-breaking price point comes as the overall market capitalization reached $3.51 trillion – a 3.56% increase. Trading volume skyrocketed to an unprecedented $192.3 billion, representing a 62% surge in just 24 hours. Bitcoin’s dominance stands firm at approximately 63%, but with strong interest building for potential altcoin season growth.