Bitcoin Holds Steady Above $104K Amid Trade Truce and Institutional Buying
As of May 12, 2025, Bitcoin (BTC) is trading at approximately $104,231, reflecting a slight dip of 0.11% over the past 24 hours. The cryptocurrency experienced a brief surge to $105,500 following the announcement of a significant U.S.–China trade agreement that temporarily reduces tariffs.
Institutional interest in Bitcoin remains strong. Strategy has acquired an additional 13,390 BTC for $1.34 billion, bringing its total holdings to 568,840 BTC. Similarly, Japan's Metaplanet has purchased 1,241 BTC, surpassing El Salvador's holdings.
Analysts suggest that while Bitcoin's climb toward its all-time high of $109,000 may face headwinds due to profit-taking and market apprehension, the recent developments indicate a positive outlook for the cryptocurrency.
In summary, Bitcoin's resilience above the $104K mark, bolstered by institutional investments and easing geopolitical tensions, underscores its position as a leading digital asset in the evolving financial landscape.
