All eyes on the weekly close as Bitcoin Pizza Day sees BTC toy with $30,000.
Should it close at current levels of $30,000, meanwhile, BTC/USD would stillBTC/USD 1-week candle chart . Source: TradingView
The week of the World Economic Forum could likewise be overshadowed by external market turmoil, Cointelegraph noting that the S&P 500 had already lost 20% from its peak to enter official bear market territory.compared to the previous months.Attention was more focused on a different price story on the day, however, as May 22 marked the infamous Bitcoin Pizza Day.
Then trading at under $0.0005 per coin, Bitcoin since appreciated by approximately 1.38 billion percent to reach its all-time highs of $69,000 eleven-and-a-half years later. According to dedicated monitoring resource, the Bitcoin Pizza Index, Hanyecz's purchase was worth $295 million as of May 22.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.
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