Bitcoin surged to a fresh record high on Thursday, fuelled by optimism that the US Congress will soon pass a bill ill for stablecoin- the GENIUS Act, which is set to be the first regulatory framework under the Trump Administration.

The cryptocurrency has been on a months-long tear thanks to the pro-crypto Trump administration and April's tariff chaos.

The crypto asset reached $111,886.41 at around 4am on Thursday morning, before levelling out at around $110,726.40 by mid-morning.

The price of Bitcoin on Thursday surpassed the $110,000 threshold for the first time in history after the recent advancement of a key stablecoin bill in the US Senate. The value of the global cryptocurrency market, including Bitcoin, reached $2.2 trillion Thursday, according to data from Coinmarketcap.

Bitcoin is making headlines again as its price climbed to $107,960, marking a four-month high and placing it within reach of its previous all-time peak of $109,288 set in January. This latest surge comes amid renewed optimism fueled by the U.

Stablecoins are the focus of the GENIUS Act, but if the bill is enacted into law, it will likely have an impact on U.S. citizens’ ability to use Bitcoin privately.

Senator Bill Hagerty expects the Senate to pass the GENIUS Act this week. Here's what it may mean for Bitcoin Pepe.

The U.S. Senate has passed the GENIUS Act, making regulated stablecoins a policy priority and hinting at fresh institutional crypto inflows.

Bitcoin continued its rally on Thursday, hitting a brand new record high above $111,000. Bitcoin hit $111,886.41 in early trading hours in London, according to Coin Metrics, before paring some of those gains to trade at around $111,

Bitcoin touches $106,000 amid JPMorgan's bullish pivot and a tip that Congress may soon move crypto laws that could send BTC to new highs. Here's what’s next.

The bill’s co-sponsors are feeling confident the bill will now head towards a final vote in the Senate as soon next week. According to crypto analysts, including Fundstrat’s Sean Farrell, that could spark another massive Bitcoin rally.

Bitcoin once again shattered records, reaching an all-time high of $109,500 on May 21 a significant bounce from April's $76,000.