Degen

Bitcoin (BTC) has broken through the $111,000 mark for the first time in history, rising 3% in the past 24 hours. The cryptocurrency has hit its highest price level in history as it continues its recent bullish streak.

The world’s largest cryptocurrency is up 17.5% so far this year and has gained 47% since it fell to $75,000 on April 7, following President Donald Trump’s sweeping tariffs and a global market crash.

Bitcoin’s new record comes as U.S. stock markets were shaken by a weak 20-year bond auction that sent Treasury yields soaring on May 21. The S&P 500 fell 80 points in the half-hour, as did the Nasdaq and Dow Jones.

Caroline Buller, CEO of Australian cryptocurrency exchange BTC Markets, told Cointelegraph that Bitcoin’s new record reflects a maturing global interest in digital assets, rather than the speculative surge seen in past cycles.