BTC has officially surpassed $111,000, now trading at $111,259.4 USDT.
Lol...No, Bitcoin can't rise due to this, for the Bitcoin Pizza day has no economic value. Instead, Bitcoin is rising due to its current bullish sentiment. Have you seen how Bitcoin is being hyped on the social media space of late? Including how the persistence of Michael Saylor is boosting the sentiment in the market? He is a true hero of Bitcoin who didn't say it by mere mouth but also by the action of his resources.
Bitcoin ATH and pizza day today is just a coincidence nothing more, like you and most experienced members here have noted, pizza day has no economic value, it is an event that happens once a year and therefore can't be associated with Bitcoin pump. The momentum for the new ATH has been building for days as we were experiencing near corrections at $105k and it eventually broke from that circle and here we are. I believe that we are going to have a very bullish season because Bitcoin believers like Michael Saylor, are driving it's adoption and more retail and institutional investors are having the confidence to get in.