$BTC
Bitcoin Steadies Above $104K Amid Growing Optimism
May 11, 2025
Bitcoin ($BTC ) is holding firm above the $104,000 level, marking a steady 0.5% gain in the past 24 hours. The world’s largest cryptocurrency reached an intraday high of $104,857, continuing its bullish momentum fueled by institutional accumulation and growing investor confidence.
One major catalyst is continued strategic buying by large firms like MicroStrategy, which has outpaced the rate of new Bitcoin issuance. This supply pressure is seen as a bullish driver, reinforcing the asset’s scarcity narrative.
Broader market sentiment has also improved, with positiv$e developments in global trade talks and a more favorable economic outlook encouraging capital inflow into risk assets, including crypto.
With Bitcoin still trading just below its all-time high of $108,700, eyes are on the next breakout. If momentum holds, BTC may soon retest its peak and potentially enter price discovery once again.