Bitcoin has officially surpassed $111,000, reaching a groundbreaking intraday high of $111,867 on Binance. This incredible surge has boosted its market capitalization to approximately $2.22 trillion, equating to two-thirds of the total crypto market.

Several catalysts contribute to this rally, including increased institutional flows and companies accumulating Bitcoin on their balance sheets. In addition, macroeconomic pressures are leading investors to favor Bitcoin over traditional assets.

As Bitcoin continues to gain traction worldwide, investors are eager to understand the dynamics driving its unprecedented rise.