PANews reported on May 25 that according to Reuters, U.S. fiscal concerns and tepid U.S. Treasury auctions, as well as Trump's attempts to push Congress to pass his comprehensive spending and tax cut bill, led to a decline in the U.S. dollar. Against this backdrop, Bitcoin broke through $110,000 on Thursday to hit a record high, partly because investors were seeking alternatives to U.S. assets. It also sent signals that the cryptocurrency bull market still has room for further growth. These signals include: a general recovery in stock markets, funds reinvested in Bitcoin ETFs, and an increasing number of listed companies holding Bitcoin.