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Bitcoin's $111,000 pizza payday 🍕
The top cryptocurrency surged to a new all-time high Thursday, with analysts pointing to a potential altcoin rally on the horizon.
Stephen Graves
May 22, 2025
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📝 What you need to know
Bitcoin powered through to a new all-time high above $111,000 Thursday—on Bitcoin Pizza Day, no less, with the BTC spent on two pies back in 2010 now worth a cool $1.1 billion.
But analysts were focused on a potential altcoin season, arguing that the assets, which have underperformed this cycle, will come into their own when Bitcoin dominance hits 70% and more liquidity enters the system.
In the short term, it’s meme coins that have been soaring in the wake of Bitcoin’s rise, with the likes of TRUMP and Fartcoin rising by double-digits Thursday morning.
In other news, the Sui ecosystem was shaken when Cetus Protocol, its largest DEX, was hit by an “oracle manipulation attack” that drained $200 million from its liquidity pools.
It may be Bitcoin Pizza Day, but it’s just another day in crypto.
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💬 Quote of the Day
“Alt season will kick off when two key events align. Quantitative easing must begin, injecting more liquidity into the system, and Bitcoin dominance needs to hit around 70%.”
