#TradeWarEases Bitcoin Surges Past $105,000 Amid U.S.-China Trade Optimism(The Economic Times)

On May 12, 2025, Bitcoin's price soared above $105,000, driven by renewed optimism surrounding U.S.-China trade negotiations and increased investor confidence in the cryptocurrency market. This surge reflects a broader positive sentiment in digital assets, although alternative cryptocurrencies (altcoins) showed mixed performance. The spike in Bitcoin's value underscores its role as a key indicator in the digital asset space, influenced by macroeconomic trends and global trade dynamics. (The Economic Times)

In related developments, Arizona became the second U.S. state to establish a cryptocurrency reserve fund, following New Hampshire. Governor Katie Hobbs signed legislation on May 7, 2025, creating the Bitcoin and Digital Assets Reserve Fund to manage unclaimed virtual currency assets, aiming to maximize returns for asset holders. This move reflects a growing trend among U.S. states to integrate digital assets into their financial practices. (Axios)

Additionally, Meta, the parent company of Facebook and WhatsApp, is reportedly exploring the deployment of stablecoins as a payment solution. This initiative aims to enable payments for content creators on its platforms, marking a renewed interest in integrating digital currency capabilities into widely-used social media and messaging services. (The Times of India)

Reuters

The Times of India

Axios