Bitcoin Hits Record Near $110,000 After ‘Three Structural Tailwinds’ Converge

Bitcoin prices notched their latest record high today.
Bitcoin prices shot higher today, climbing to a fresh, all-time high close to $110,000 after “three structural tailwinds” came together to drive the digital currency higher, stated analyst Austin King.
The cryptocurrency reached almost $109,900 today, according to Coinbase data from TradingView.
“Bitcoin’s push through the $109K mark isn’t a speculative blip—it’s the culmination of three structural tailwinds converging at once,” King, the cofounder of Omni Network, stated via email.
“First, record-setting demand from U.S. spot ETFs is absorbing supply faster than miners can create it after last year’s halving, with BlackRock’s IBIT logging a 20-day inflow streak and total ETF inflows topping $3B in May alone,” he noted.
“Second, policymakers are shifting from hostility to embrace: the Senate’s bipartisan GENIUS stablecoin bill and Texas’ move toward a state-level Strategic Bitcoin Reserve both widen the regulatory aperture and give institutions the confidence to allocate,” King continued.