โ ๏ธ Bitcoin Dips Below $104K Amid Market Volatility ๐๐ฅ
๐ May 12, 2025 โ Market Snapshot
Bitcoin (BTC) is currently trading at $104,255, experiencing a slight decline of 0.26% today. The intraday high reached $105,525, while the low touched $103,719.
๐ Recent Market Movements
Tariff Agreement Impact: Following the announcement of a significant U.S.-China trade agreement that temporarily cuts tariffs, Bitcoin briefly surged to $105,500. However, the leading cryptocurrency quickly backtracked, trading at $103,876, marking a 0.7% decline over the previous 24 hours. Barron's
Institutional Activity: MicroStrategy has acquired an additional 13,390 BTC for $1.34 billion, averaging $99,856 per coin, signaling continued institutional interest.
๐ Analyst Perspectives
Bullish Outlook: Some analysts anticipate Bitcoin could rally to $150K, especially with easing global trade tensions.
Bearish Warning: Others caution that macroeconomic factors, including potential shifts in Federal Reserve policies, could exert downward pressure on Bitcoin's price.
๐ง Investor Takeaway
While Bitcoin faces short-term volatility, institutional investments and macroeconomic developments continue to play pivotal roles in its price trajectory. Investors should stay informed and consider both bullish and bearish scenarios when making decisions.
Note: This post is for informational purposes only and does not constitute financial advice.