Bitcoin Breaks New Record as Institutional Investment Fuels Growth

Bitcoin hit an all-time high of $111,390 on May 22nd, defying market doubts and attracting substantial investment from institutions. Driven by robust DeFi growth and increasing institutional interest, Bitcoin has experienced a meteoric surge in value despite recent geopolitical and macroeconomic shifts. Data compiled by on-chain analyst Axel Adler Jr. indicates daily net inflows of $1.8 billion, comparable to those seen during the peak of the 2021 bull run. This influx reflects unwavering investor confidence, with recent price increases attracting new capital instead of triggering profit-taking, according to market analysis.