According to QCPgroup, Bitcoin ($BTC) surged to a new all-time high of $109.6K during the U.S. equity market open, but experienced a pullback following a weak $16B 20-year U.S. Treasury auction. Notably, Bitcoin demonstrated strong resilience by staging a sharp V-shaped recovery, climbing above $111.5K in Asia trading. This rapid bounce highlights Bitcoin's growing decoupling from traditional financial assets and showcases robust demand from the Asian trading session, which could signal further upward momentum and increased volatility in the cryptocurrency market (source: QCPgroup, May 23, 2025).