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Bitcoin has crossed a major milestone, hitting $111,450 late on May 21, marking its highest price ever. The move came after a 3.3% price jump in just 24 hours, pushing the cryptocurrency beyond its earlier peak of $109,458 reached earlier the same day.
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According to CoinMarketCap and TradingView data, Bitcoin’s latest surge took place just before 11:45 p.m. UTC. The price push has officially taken Bitcoin above its previously unmatched January 20 high and sets a new record for the asset.
The rally follows several weeks of price momentum after a steep drop in early April. Bitcoin had slumped to $75,000 following market chaos sparked by U.S. President Donald Trump’s announcement of wide-reaching tariffs. The global response sent traditional markets reeling, but Bitcoin has since regained strength, climbing nearly 50% from that low point.
On May 21, the spike in Bitcoin’s price coincided with a major shift in U.S. financial markets. A weak 20-year Treasury bond auction sent yields soaring and rattled stock indexes. The S&P 500 shed 80 points in just 30 minutes, while the Dow Jones and Nasdaq also traded down. As traditional assets faltered, Bitcoin saw renewed interest as a hedge.
The cryptocurrency’s strong 2025 performance so far has reignited discussions about digital assets as alternative stores of value during times of economic stress. The latest milestone could attract fresh retail and institutional attention, especially with macroeconomic uncertainty persisting.