Bitcoin Price Hits New All-Time High at $111,000, Driven by US Regulatory Speculation

Bitcoin (BTC) price has once again reached a new all-time high with a weekly close at $111,000, surpassing the previous record of $109,298.70 set in December 2024. This surge has captured the attention of the crypto asset market amid ongoing regulatory dynamics and policy developments in the United States.

According to analysts, the price increase is driven by two main factors. First, the policy proposal by US President Donald Trump, dubbed the "big, beautiful bill," which suggests a 5% tax on remittances sent by non-US citizens to their home countries. This policy has sparked speculation that migrants might turn to cryptocurrencies like Bitcoin to avoid this tax burden.

The second factor stems from market attention on the "Genius Act" bill currently being discussed in the US Congress. This bill aims to establish a regulatory framework supporting the growth of stablecoins, potentially accelerating the adoption and integration of crypto assets into the conventional financial system.

Data from Cointelegraph recorded that on May 12, 2025, Bitcoin’s price briefly touched $105,800 before dropping approximately 3% to $101,400. However, the price recovered and approached $106,000, considered a profit-taking level before targeting a new all-time high.

With Bitcoin’s market capitalization now reaching around $2.11 trillion, this price increase reflects investor optimism about the future prospects of the digital asset, especially ahead of important regulatory discussions in the United States. Nevertheless, high market volatility remains a concern, and analysts warn of the risk of price corrections if market sentiment is affected by external factors.