BTC Surges 2.7% on Pizza Day Events, Trading Volume Hits $28.2B as Market Eyes New Highs

Bitcoin has shown strong performance in the past 24 hours, with its price rising approximately 2.7% to the $105,788–$105,920 USDT range, supported by robust trading volumes and continued market interest. The asset maintains its position as the leading cryptocurrency, with a market capitalization fluctuating between $1.67 trillion and $2.05 trillion and a 24-hour trading volume of about $28.21 billion.

The recent price increase can be attributed to heightened trading activity around key resistance levels, as well as positive sentiment generated by major events such as the BinancePizza promotion and the 15th anniversary of Bitcoin Pizza Day, which have engaged users through NFT rewards, trading incentives, and community events. Additionally, notable leveraged positions on decentralized exchanges and Bitcoin’s strong performance in NFT trading volume have contributed to increased market activity. Institutional movements, such as the reported sale of a significant Bitcoin ETF stake by the State of Wisconsin, may also be influencing market dynamics. Over the past month, Bitcoin has gained 23.3%, and over the past year, it is up 57.8%, reflecting its ongoing relevance and volatility as it approaches its all-time high set earlier in 2025.