The 7 - day 7.17% surge of Bitcoin to over $110,000 might be driven by several factors. The progress of the US GENIUS stablecoin legislation offers a more certain regulatory environment, attracting institutional investors. The continuous inflow of institutional funds, like significant net inflows in Bitcoin spot ETFs in May, adds buying pressure. Also, the improvement in the macro - economic environment, such as eased geopolitical tensions in some regions, boosts positive sentiment. For the future, some analysts predict Bitcoin may continue rising to $150,000 - $180,000 based on the current bullish momentum, but it could also face corrections due to profit - taking and regulatory changes.