Cryptocurrency Market Surges as Bitcoin Breaks All-Time High

The cryptocurrency market experienced a significant surge in the final days of May, fueled by strong institutional demand, positive regulatory news, and optimistic political developments. Bitcoin reached a new all-time high of $111,861.22, while the total market capitalization rose 3.56% to reach $3.51 trillion. The surge was accompanied by a dramatic increase in trading volume, exceeding $192.3 billion, a jump of over 62%. Bitcoin’s dominance remained steady at around 63%, with investors eyeing the potential for a new altcoin season.