Bitcoin New Milestone at $110,000, President Trump Posts to Celebrate!
TradingKey – Bitcoin’s price surged to break out $110,000, prompting President Trump to publicly celebrate the historic milestone.
On Thursday, May 22, the 14th anniversary of Bitcoin Pizza Day, the eponymous Bitcoin (BTC) surged over 3%, breaking past $110,000. As of this writing, BTC peaked at $110,797 and currently sits at $110,331.
Bitcoin Price Chart – Source: TradingView.
This all-time new high of Bitcoin drew the U.S. president Trump to cheer on Truth Social, "Bitcoin at all-time highs—Enjoy!"
Meanwhile, gold prices continued their rebound, reflecting heightened economic uncertainty in the U.S.. As of publication, spot gold (XAUUSD) traded at $3,327 per ounce, its highest level since May 12.
The rally in both Bitcoin and gold suggests increased investor concerns over U.S. fiscal stability, fueled by poor demand in the latest 20-year Treasury bond auction.
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