Bitcoin Hits New High Of $111K On BTC Pizza Day, Why Is Cryptocurrency Rising?

Bitcoin Price: The popular cryptocurrency Bitcoin has reached a new all-time high, surpassing the $110,000 (Rs 94,79,872.28) mark, following a 3% surge in the last 24 hours. This sharp increase was driven by record ETF inflows and regulatory momentum amidst growing macroeconomic uncertainty.
This record-breaking surge in Bitcoin’s price coincided with Bitcoin Pizza Day, a day recognised as a pivotal moment in the history of Bitcoin. On 22 May 2010, a programmer named Laszlo Hanyecz purchased two large pizzas using 10,000 bitcoins, worth approximately $41 at the time. He made the payment to a user on a Bitcoin forum, who then ordered the pizzas for him in exchange for the cryptocurrency.