Bitcoin Price Sets New Record High of $110,000
Bitcoin has surpassed $110,000 for the first time during a recent rally, gaining 3% over the past day and surpassing previous price peaks from earlier this year.
Bitcoin reached a new all-time high of $110,788.98 on Coinbase just before 11:30 pm UTC on May 21, according to TradingView.
Over the last 24 hours, Bitcoin climbed roughly 3%, exceeding the previous high of $109,458 recorded earlier the same day. That earlier high had already broken the longstanding peak from January 20.
So far in 2025, Bitcoin has risen by 17.5% and is up 47% from its April 7 low of $75,000, which followed a sharp downturn in global markets after U.S. President Donald Trump imposed widespread tariffs.
This latest milestone coincided with turbulence in U.S. stock markets following a disappointing 20-year bond auction, which caused treasury yields to spike on May 21.
The S&P 500 dropped 80 points in just 30 minutes, and the Nasdaq and Dow Jones showed similar losses, with all major U.S. indices ending the day in the red.
The weekly Bitcoin chart indicates a recovery from a downturn earlier this year.
Caroline Bowler, CEO of Australian crypto exchange BTC Markets, said in a note to Cointelegraph that Bitcoin’s new high “reflects a mature interest in digital assets worldwide, not the speculative surge seen in past cycles.”
“Today’s demand is driven by institutional-grade infrastructure and stronger regulatory clarity. Investor sentiment has shifted decisively, reflecting institutional-style allocations,” she added.
Despite the price rise, Google Trends shows that searches for Bitcoin have been declining since November, staying at levels typical for bear markets, which suggests that retail investor interest remains subdued.
The Crypto Fear & Greed Index, which reflects overall market sentiment, stood at 72 out of 100 on May 22, indicating “greed.”
This is lower than its 2025 peak of 84 reached on January 22, shortly after Trump’s inauguration.
Edward Carroll, head of global markets and corporate finance at MHC Digital Group, told Cointelegraph in a note that rising demand could push Bitcoin to at least $160,000 by Q4 2025 and possibly $1 million by 2030.
Meanwhile, leverage trader James Wynn’s long position on the crypto platform Hyperliquidity has become the largest onchain margin trade after surpassing $1.1 billion.
The position, using 40x leverage, was entered at $108,065 and has an unrealized gain of $20 million. It will be liquidated if Bitcoin drops to $103,800.
Sources:
https://cointelegraph.com/news/bitcoin-tops-110k-all-time-high-continued-rally
https://hypurrscan.io/address/0x5078c2fbea2b2ad61bc840bc023e35fce56bedb6
https://www.tradingview.com/chart/?symbol=COINBASE%3ABTCUSD
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