Summary: Bitcoin surpassed US$110,000 for the first time, driven by optimism surrounding a key stablecoin Bill in the US Senate and surging demand from crypto advocates and new digital-asset hoarders. The rally is further supported by bullish options market positions, with traders anticipating a potential move towards US$125,000.

Link: https://www.straitstimes.com/business/companies-markets/bitcoin-tops-us110000-for-first-time-as-us-optimism-lifts-crypto