Bitcoin breached the $110,000 mark for the first time late on 21 May, extending its rally to an intraday record of roughly $111,900 the next day. The move adds to a gain of about $19,000 over the past month and represents the cryptocurrency’s first new all-time high since January. Traders cited growing optimism that Washington will soon deliver clearer rules for digital assets, including a stablecoin bill that is advancing in Congress. The prospect of regulatory certainty, together with persistent inflows into newly launched spot-Bitcoin exchange-traded funds and fresh corporate treasury purchases, has drawn additional institutional money into the market. Prediction markets on Kalshi now assign a significant probability that prices will top $140,000 before year-end. The latest milestone arrives on the 15th anniversary of “Bitcoin Pizza Day,” commemorating the 10,000 coins once exchanged for two pizzas on 22 May 2010—a haul now valued at more than $1.1 billion. The juxtaposition underscores Bitcoin’s rapid maturation from a niche experiment into a mainstream asset class.