$BTC
As of May 10, 2025, Bitcoin (\$BTC) is trading at approximately **\$103,174 USD**, marking a 0.75% increase over the past 24 hours. In Sri Lankan Rupees (LKR), this equates to around **Rs. 30,968,804** per BTC. ([CoinMarketCap][1], [Bitget][2])
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### 📈 Market Snapshot
* **Market Cap:** \~\$2.05 trillion USD
* **24h Trading Volume:** \~\$56 billion USD
* **Circulating Supply:** \~19.86 million BTC
* **All-Time High:** \$109,026 USD ([Coinbase][3], [Binance][4])
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### 🌍 Global Momentum
Bitcoin's resurgence past the \$100K mark is fueled by several key factors:
* **U.S. Regulatory Support:** The U.S. has legalized strategic BTC reserves, signaling strong institutional backing.
* **ETF Inflows:** Significant capital is flowing into Bitcoin ETFs, indicating growing investor confidence.
* **Global Adoption:** Countries are increasingly integrating Bitcoin into their financial systems, bolstering its legitimacy.([Binance][5])
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### 🇱🇰 Sri Lanka Context
For Sri Lankan investors, Bitcoin's performance presents both opportunities and considerations:
* **Investment Potential:** With BTC at approximately Rs. 30.9 million, it offers a hedge against local currency volatility.
* **Regulatory Landscape:** While global trends are favorable, it's essential to stay informed about local regulations and guidelines.([Coinbase][6])
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### 🔮 Looking Ahead
As Bitcoin approaches its all-time high, market participants are watching closely:
* **Resistance Levels:** The \$109K mark serves as a psychological and technical barrier.
* **Market Sentiment:** Investor confidence remains strong, but volatility is inherent in crypto markets.
