On the morning of May 22, Beijing time, the price of Bitcoin continued to rise, briefly surpassing $110,000, reaching a peak of $110,830 per coin, setting a new historical high. Trump celebrated Bitcoin's historical high in a post on his Truth Social platform.

Previously, under the influence of events related to Trump, the price of Bitcoin had experienced multiple fluctuations. For example, during the 2024 presidential campaign, Trump proposed to promote Bitcoin as a strategic reserve asset for the United States, while also promising to simplify cryptocurrency regulations and support a stablecoin framework. On December 5, 2024, the price of Bitcoin surpassed $100,000 for the first time in history. On Trump's inauguration day this January, the price of Bitcoin exceeded $109,000.