Bitcoin has reached a new all-time high above $111,000, driven by strong institutional inflows and favorable macroeconomic conditions. Analysts note that the ongoing demand for U.S.-listed Bitcoin exchange-traded funds (ETFs) has significantly contributed to this surge, with net inflows surpassing $2.8 billion in May alone. This rebound comes after Bitcoin gained over 18% since the beginning of the month. Analysts predict that an 'altcoin season' could follow if certain conditions align, notably if Bitcoin's dominance reaches around 70%, which currently stands at approximately 61%. While Ethereum continues to lag, newer tokens like Solana and Sui are gaining traction due to their scalability and developer engagement. Some experts believe that as Bitcoin enters a price discovery phase, it tends to absorb much of the market's liquidity, delaying a broader altcoin rally. However, the market is ripe for a rotation into altcoins once Bitcoin stabilizes or slows down its rapid ascent.

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