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Why is Bitcoin Price Up Today? $76B Whale Transactions and Volume Delta Form Dual Catalysts

May 23, 2025

1 min read

Bitcoin price hit $111,800 today, as key data shows bullish momentum backed by large whale moves and Pizza Day euphoria. Bitcoin Price Rallies on Bitcoin Pizza Day Optimism Bitcoin (BTC) surged to $111,800 on Friday, setting a new all-time high for the second consecutive day, according to CoinGecko. This bullish momentum comes amid enthusiasm surrounding Bitcoin Pizza Day, a historic event in crypto celebrated on May 22. The symbolic nature of the event, paired with strong market fundamentals, drove increased buying sentiment. Bitcoin price action (BTCUSD) | Source: Coingecko At the time of writing on Friday, Bitcoin price is $111,557, up 1.6% over 24 hours, and trending green on all key long-term time frames, with the largest gains on the 30-day (19.3%) and 1-year (61.4%) candles. These gains point to deep structural strength in BTC’s current rally. Friday’s 1.8% surge confirms that Bitcoin price has broken past its previous resistance levels... Read More at Coingape.com

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