🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
As of May 19, 2025, Bitcoin (BTC) experienced significant volatility, reflecting the broader uncertainty in the cryptocurrency market. The price surged to a high of $106,847.62 before retreating to around $103,011, marking a 0.9% decline over the past 24 hours . This fluctuation led to over $600 million in crypto derivatives positions being liquidated, catching both bullish and bearish traders off guard .
Despite the price dip, institutional interest in Bitcoin remains strong. Michael Saylor's Strategy acquired 7,390 BTC for approximately $765 million, while Japan's Metaplanet added 1,004 BTC to its holdings . These acquisitions underscore a growing trend of corporate accumulation, even amid market turbulence.
The recent volatility is attributed to a combination of factors, including macroeconomic concerns like the U.S. credit rating downgrade and inflation fears . Additionally, the crypto market's overall capitalization decreased by 3.3% over the last 24 hours, now standing at $3.36 trillion .
In summary, while Bitcoin's price has faced short-term setbacks, the sustained interest from institutional investors suggests confidence in its long-term value proposition.