🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Beware of Bitcoin's $6 Billion Cap: It Could Suppress the Price
Bitcoin (BTC), which has risen above $50,000 again after years, may encounter resistance just above $50,000.
Data from Into The Block shows that around 375,000 wallets bought a total of about 119,480 Bitcoins at an average of $50,227 per unit.
Bitcoin rose above $50,000 this week for the first time since 2021, and these addresses have been at a loss for a long time.
In a statement made by blockchain analytics platform Lookonchain, it was stated that these addresses can sell to get out of the loss when the price of Bitcoin reaches their purchase price.
The sale of these Bitcoins, which are worth about $6 billion in total, may create a selling pressure on Bitcoin.
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