$BTC Bitcoin's current price is $104,532.01, with a 0.56% increase over the last 24 hours. The cryptocurrency has seen significant price movements, with a 24-hour low of $103,597.68 and a high of $105,800

*Recent Developments:*

- On May 12, 2025, Bitcoin surged by 1.3% to $105,251 after a 90-day tariff reduction agreement between the US and China, recovering from a previous dip below $80,000

- Bitcoin Miner Reserve has dropped to about 1.8 million BTC, the lowest in years, as miners distribute rather than accumulate Bitcoin during the current price rally.

*Market Outlook:*

- Analysts predict potential growth and new record highs, with some forecasting Bitcoin could reach $120,000 within the next few months or even $200,000 by the end of 2025

- A US-China trade deal may boost institutional confidence in Bitcoin, possibly driving prices up due to less trade uncertainty, expected interest rate cuts, and renewed liquidity in emerging markets.