Bitcoin Breaks Its Own Record Prices on Bitcoin Pizza Day

Less than half a year after its last all-time high, Bitcoin breaks its own record prices. At more than $100,000, Bitcoin is worth more than ever before.

Bitcoin has done it again: Less than half a year after its last all-time high, Bitcoin breaks its own record prices. At more than $111,000, Bitcoin is worth more than ever before. And this happens on Bitcoin Pizza Day.

Every profession has words it loves and others it hates. For us Bitcoin journalists, “all-time high” and “pizza” are probably two of the most enjoyable words to type. And fortunately, we keep getting the pleasure of using them.

For example, today is the perfect opportunity to say both all-time high and pizza. On Bitcoin Pizza Day, which celebrates that Laszlo Hayek paid for a pizza with Bitcoin for the first time ever on May 22—now 15 years ago, and at a whopping price of 10,000 bitcoins—Bitcoin breaks a new all-time high.

After dropping below $70,000 in April, the cryptocurrency saw a consistent rise throughout May. Now, as the month draws to a close, it has set a new record. It happened this morning, just before six o’clock, at approximately $111,760. That is, for now, our new benchmark.

The pizza that Laszlo bought 15 years ago has thus become worth more than one billion dollars.

1-year price trend of Bitcoin according to coinmarketcap.com

The euro all-time high is more difficult to grasp. In January, the price stayed above 100,000 euros for several days—today it is still under 98,000. It’s not much of a difference, but it’s still short of the mark.

The reason is simple: back in January, the euro’s exchange rate had dropped as low as $1.02, while it has now risen to $1.13 and stands much stronger. But presumably, it’s just a matter of time before Bitcoin also reaches a new all-time high in euros.

Euro exchange rate according to onvista.de

Bitcoin, once again, stands stronger than ever before. And when Bitcoin is strong, the crypto market is also strong. Or is it?

At its core, the old rule still applies that Bitcoin pulls all other cryptocurrencies along with it. But there are some caveats. Firstly, the total market capitalization of all cryptocurrencies has not yet reached a new all-time high. It’s rising, yes, but has not yet surpassed its peak from December 2024.

Bitcoin is pulling ahead of the market, which is reflected in a rising Bitcoin dominance:

For about two and a half years, Bitcoin has been gaining ever more market share. With a dominance of around 63%, Bitcoin is as dominant as it was last in 2021, and should the indicator rise a bit further to about 70%, we would see levels reminiscent only of 2017.

Secondly, not all cryptocurrencies behave the same during these movements. Some lose more to Bitcoin, some less, and some are even gaining.

The problems with the new all-time high

The problems with the new all-time high

The problems with the new all-time high

The problems with the new all-time high

The problems with the new all-time highproblems arise when considering the time period over which the price increase occurred. While the last all-time high of $71,900 in March 2025 may seem close, we're discussing a span of less than two years, which is a remarkably swift rate of return for an asset class. For context, the previous all-time high was reached in January 2025, and the cryptocurrency took 13 years to achieve that level.

The problems with the new all-time high

The problems with the new all-time high

The problems with the new all-time high

The problems with the new all-time high

The problems with the new all-time highproblems arise when considering the time period over which the price increase occurred. While the last all-time high of $71,900 in March 2025 may seem close, we're discussing a span of less than two years, which is a remarkably swift rate of return for an asset class. For context, the previous all-time high was reached in January 2025, and the cryptocurrency took 13 years to achieve that level.

The problems with the new all-time high

The problems with the new all-time high

The problems with the new all-time high

The problems with the new all-time high

The problems with the new all-time highproblems arise when considering the time period over which the price increase occurred. While the last all-time high of $71,900 in March