$BTC As of May 12, 2025, Bitcoin (BTC) is trading at approximately $104,529, reflecting a modest increase of 0.54% over the past 24 hours. The day's trading range has seen BTC fluctuate between $103,719 and $105,525, indicating a period of relative stability following recent gains.

This steadiness in Bitcoin's price comes on the heels of a significant rally last week, where BTC surpassed the $100,000 mark for the first time since January 2025. The surge was largely attributed to easing trade tensions between the U.S. and China, which bolstered investor confidence and increased risk appetite in the financial markets .

Analysts suggest that the current price consolidation may be a precursor to further upward movement, especially if Bitcoin maintains its position above key support levels. However, some caution that a failure to hold these levels could lead to a short-term pullback .

In summary, Bitcoin's performance today reflects a market in a wait-and-see mode, digesting recent gains and monitoring geopolitical developments that could influence future price action.