Bitcoin Breaks Records as It Surges past $111,861 on Pizza Day

Bitcoin has hit a record high of $111,861 on May 22, marking a significant milestone for the digital currency. This surge coincides with Bitcoin Pizza Day, which celebrates the first-ever real-world purchase using Bitcoin in 2010, and indicates optimistic expectations for the cryptocurrency’s future prospects. While market pressure typically leads to downward trends, Bitcoin’s impressive rally fueled strong optimism. Technical indicators suggest that this bull run is poised for continued growth despite recent volatility.