On Monday, May 12, 2025, the price of Bitcoin (BTC) surged to its highest level since the beginning of the year, reaching $106,000, driven by a trade agreement between the United States and China that reduces import tariffs for 90 days. This agreement created positive sentiment in the global market, encouraging investors to shift to riskier assets such as crypto.
The surge in BTC prices was also supported by a 35% increase in trading volume in the last 24 hours and an influx of institutional funds into Bitcoin ETFs totaling $300 million in a week. Analysts estimate that Bitcoin could potentially reach a new record price above $109,000 in the near future.  
Meanwhile, Japanese investment firm Metaplanet announced the purchase of 1,241 BTC worth $129 million, bringing their total holdings to around 6,800 BTC, surpassing the Bitcoin reserves of El Salvador. 
On the other hand, the merger between Gryphon Digital Mining and American Bitcoin Corp was announced, aiming to form the largest Bitcoin mining entity in the world, which will be listed on Nasdaq under the symbol "ABTC". 
Overall, the crypto market shows high optimism, with Bitcoin potentially set to hit new records in the near future.
