Bitcoin continues to rise in price and makes a new century high at $111k

Bitcoin has surpassed the $110,000 mark for the first time in its recent bull run, hitting a new high of $110,788.98 late on May 21, according to data from Trading View . Over the past 24 hours, Bitcoin's price has increased by 3% , and is currently trading at around $111,306 .

This is the first time Bitcoin has surpassed its previous high of $109,458 recorded earlier in the day.

Bitcoin is up 17.5% year-to-date , and up 47% since its April 7 low of $75,000 — a time when it was hit by US President Donald Trump's tariff policies.

The rally came as U.S. stocks fell after a poor 20-year bond auction sent yields soaring. The S&P 500 fell 80 points , joining the Nasdaq and Dow Jones in similar declines on May 21.

Caroline Bowler, CEO of BTC Markets (Australia), said that Bitcoin's new peak shows that global interest in digital assets is genuine, not speculative like in previous cycles. She emphasized that the current demand is coming from large organizations thanks to better infrastructure and a clearer regulatory environment.

Still, according to Google Trends , searches for Bitcoin have been falling since November, reflecting retail investor apathy — a hallmark of bear markets.

In contrast, the Crypto Fear and Greed Index reached 72/100 on May 22, indicating “greed” sentiment, although it is down from its peak of 84 on January 22 — two days after Trump's inauguration.'