$BTC
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🚀 *Crypto Market Update – May 12, 2025*
*🔹 Bitcoin (BTC)*
Bitcoin surged past 105,000 this week, driven by renewed optimism surrounding U.S.-China trade negotiations and growing investor confidence. However, it faced resistance and retraced slightly to around103,800, reflecting market volatility. [1][2]
*🔹 Ethereum (ETH) & Altcoins*
Ethereum experienced a significant uptick, rising over 40% this week to approximately 2,555. Altcoins displayed mixed performance, with XRP gaining 7.6
*🔹 Institutional Investments*
Strategy acquired 13,390 BTC for1.34 billion, increasing its holdings to 568,840 BTC valued at $39.41 billion. [3]
*🔹 Regulatory Developments*
Arizona became the second U.S. state to establish a cryptocurrency reserve fund, following New Hampshire. This move aims to integrate digital assets into state financial practices. [5]
*🔹 Corporate Movements*
Meta is exploring the deployment of stablecoins like USDC and USDT on Facebook and WhatsApp to facilitate payments for content creators, signaling a renewed interest in the crypto space. [6]
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*Stay informed and trade wisely!*
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