As of May 12, 2025, Bitcoin (BTC) is trading at approximately $104,612, marking a significant resurgence after surpassing the $100,000 threshold for the first time since January. This rally is fueled by strong institutional demand, substantial inflows into spot Bitcoin ETFs, and broader macroeconomic factors.

Key Developments:

Institutional Inflows: Over the past three weeks, spot Bitcoin ETFs have attracted more than $5.3 billion in net inflows, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for over $600 million. This surge reflects growing institutional confidence in Bitcoin as a hedge against inflation and economic uncertainty.

Technical Indicators: Bitcoin's Relative Strength Index (RSI) stands at 71, indicating overbought conditions, while the Moving Average Convergence Divergence (MACD) suggests strong bullish momentum. Key resistance levels are observed at $96,000 and $100,000, with support around $93,000.

Global Adoption: Visa and Mastercard have expanded Bitcoin transaction capabilities to over 50 countries. Additionally, El Salvador continues to develop its Bitcoin City initiative, and Japan has launched a pilot program for Bitcoin-based remittance services, signaling increasing global adoption.

U.S. Government Holdings: The U.S. government's cryptocurrency holdings have surged to $21.1 billion, predominantly in Bitcoin and Ethereum, highlighting significant governmental investment in digital assets.

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