Bitcoin has surpassed the milestone of 110,000 USD for the first time in the recent bull run, reaching a new high of 110,788.98 USD at the end of May 21 according to data from Trading View. In the past 24 hours, the price of Bitcoin has increased by 3%, and is currently around 111,306 USD.
This is the first time Bitcoin has surpassed the previous peak of 109,458 USD recorded earlier in the day.
Since the beginning of the year, Bitcoin has increased by 17.5%, and has risen 47% from the low of 75,000 USD on April 7 — a time affected by US President Donald Trump's tariff policies.
This price surge occurs against the backdrop of a decline in the US stock market due to an ineffective 20-year bond auction that caused yields to spike. The S&P 500 index fell by 80 points, along with similar declines in Nasdaq and Dow Jones on May 21.
Caroline Bowler, CEO of BTC Markets (Australia), stated that Bitcoin's new peak shows genuine global interest in digital assets, no longer speculative like previous cycles. She emphasized that current demand comes from large institutions due to better infrastructure and clearer regulatory environments.
Nevertheless, according to Google Trends, the search volume for Bitcoin has decreased since November, reflecting retail investors' indifference — a characteristic of a bear market.
Conversely, the Cryptocurrency Fear and Greed Index reached 72/100 on May 22, indicating a 'greed' sentiment, although it has decreased from the peak of 84 on January 22 — two days after Trump's inauguration.
