On 22nd May 2010, Laszlo Hanyecz made the use of crypto assets with the purchase of two Papa John’s pizzas for 10,000 BTC. At the time of purchase, Bitcoin was worth $41. Today, 10,000 BTC would today cost around $300 million. There are thousands of cryptocurrencies, but Bitcoin, even to this day, remains an undeniably ingenious manifestation of blockchain technology. From modest beginnings to a trillion-dollar market cap, Bitcoin has stood the test of time. Laszlo Hanyecz was indeed one of the early contributors responsible for what many consider a fundamental marketing masterpiece for Bitcoin adoption. The 12th Anniversary of Bitcoin Pizza Day was celebrated yesterday to honour the 2 Pizzas bought for 10,000 BTC by Lazlo Hanyecz on 22nd May 2010.
BTC is up by 3.1% over the past 24 hours. Its dominance is currently at 44.4% and the market capitalization is $575bn.
At the time of writing, BTC was trading at $30,152.
BITCOIN has traded in red for the past seven weeks in a row, for the first time in history. However, the asset is taking support at the key level of $28,800 and has given the weekly closing above the psychological level of $30k. On a daily time frame, BTC is trading sideways in a range between $28,800 to $31,300 with low volumes. Breakouts on either side of the range with good volumes will further decide the trend for the asset
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