In the past 24 hours, the price of Bitcoin has risen by about 3%, breaking the historical high of $109,458 reached earlier in the day, marking its first time exceeding the long-held peak of January 20.

As the world's largest cryptocurrency, Bitcoin has increased by 17.5% year-to-date, and since dropping to $75,000 on April 7 due to U.S. President Donald Trump's implementation of comprehensive tariffs that caused a global market crash, it has risen by 47%.

Bitcoin's new peak coincides with turbulence in the U.S. stock market due to weak 20-year bond auctions, with Treasury yields soaring on May 21. The S&P 500 index dropped 80 points within half an hour, and the Nasdaq and Dow Jones indices showed similar trends, with all major U.S. indices trending downward on that day.