#BTC #bitcoin #BinanceSquare #Write2Earn #Binance
$BTC On Monday, May 12, 2025, Bitcoin (BTC) experienced notable fluctuations, surpassing the $105,000 mark, supported by positive economic developments, before slightly retreating to around $104,500.
Key Updates:
- Impact of the trade agreement between the United States and China: The agreement to reduce tariffs between the two countries boosted confidence in global markets, contributing to the rise in Bitcoin's price.
= Significant institutional investments: The company "Strategy" purchased 13,390 Bitcoin worth $1.34 billion, reflecting increasing interest from major institutions in the digital currency.
Despite these positive developments, the market still exhibits some caution, as investors hesitate to push the price to new record levels, indicating potential resistance at higher levels.
Overall, Bitcoin shows strong performance under the current economic conditions, with expectations for further growth in the near future.