Bitcoin Surges Past $111,000 on Strong Institutional Buying Momentum
Bitcoin (BTC) surpassed $111,000 for the first time on Thursday, hitting a new all-time high as institutional investors increasingly dominate market demand.
During early Asian trading hours, BTC climbed about 3.5% to reach $111,878, pushing total market capitalization up by 1.7%, while altcoins like XRP and Dogecoin (DOGE) saw limited movement.
Unlike previous rallies driven mainly by retail hype, this surge is being fueled by major institutions and publicly traded companies adopting Bitcoin as part of their treasury strategies. These entities are leveraging capital markets to raise funds and increase their crypto holdings.
“Large institutions are the key drivers behind this rally,” said Jeff Mei, COO at BTSE. “With May ETF inflows reaching $3.6 billion, the trend is poised to continue.”
Options markets back the bullish outlook, with the highest open interest concentrated at strike prices ranging from $110,000 to $300,000 for contracts expiring in late June, according to Deribit.
Adding to the growing mainstream acceptance, JPMorgan Chase has started providing Bitcoin access to its clients, signaling a significant shift in traditional finance’s stance toward digital assets.
Ryan Lee, chief analyst at Bitget Research, noted, “JPMorgan’s move enhances Bitcoin’s legitimacy and could encourage more financial institutions to enter the space.”
Despite ongoing economic pressures—such as rising bond yields, geopolitical uncertainties, and a downgraded U.S. credit rating—Bitcoin has demonstrated strong resilience. Analysts at QCP Capital warn that a breakout above current levels could spark a fresh wave of FOMO, attracting retail investors and driving prices even higher.
