According to Coins.ph on Twitter, Bitcoin (BTC) reaching the $110,000 milestone has triggered the launch of the Bitcoin Moonshot Challenge on their platform, aligning ₱110,000 in rewards with the new price high. Traders who rank among the top 25 in BTC trading volume on Coins.ph and meet the minimum trading threshold of ₱10,000 during the contest period are eligible for significant prizes. This initiative is likely to drive increased BTC trading volume and volatility on the exchange, which may impact short-term liquidity and price action for local and regional crypto markets. Source: Coins.ph (@coinsph) on Twitter, May 22, 2025.