Bitcoin Performance Until May 11, 2025

Current Price: Bitcoin is currently trading at around $103,600, having surpassed the $100,000 mark for the first time since February.

24-Hour Price Range: The price ranged between $102,727 and $104,100.

Market Capitalization: The market capitalization of Bitcoin reached approximately $2.05 trillion.

Trading Volume: The daily trading volume recorded a decrease of 44.37% to $38.49 billion, indicating a phase of consolidation after recent fluctuations.

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🔍 Factors Influencing the Rise

Business Optimism: News of a new trade agreement between the United States and the United Kingdom, along with potential progress in trade talks with China, has boosted investor confidence.

Technical Analysis: Technical indicators suggest bullish momentum, with the Relative Strength Index (RSI) above 70, which may indicate a short-term overbought condition.

Shift Towards Digital Currencies: With increasing doubts about traditional markets, investors are turning to Bitcoin as an alternative asset, driving up demand for it.