Bitcoin Nears New All-Time High; Will it Reach $110K This Week?

Bitcoin is poised to break through its previous all-time high, with analysts predicting a possible surge towards $110,000. The current price is just 1.5-2% away from the record set in January 2025, and market sentiment suggests that this might happen within the coming week. The bull run has been fueled by several factors: expanded DeFi applications, growing institutional investments, and the influx of U.S. spot Bitcoin ETFs experiencing net inflows exceeding $2.8 billion in the first half of May. Analysts believe this strong demand from both institutions and retail investors indicates a potential new all-time high.