#CryptoCPIWatch
On May 13, 2025, Bitcoin experienced a slight decline to just below $102,400, after surpassing $105,000. This decrease is attributed to profit-taking and anticipation of U.S. inflation data. Despite the decline, Bitcoin rose by 14% in April, benefiting from easing trade restrictions and expectations of a U.S. interest rate cut. In a move reflecting growing institutional interest, the GFO-X platform was launched in London as the first derivatives trading platform for digital currencies in the UK. Arizona also announced the establishment of a digital reserve fund, becoming the second state after New Hampshire. These moves indicate a growing institutional support for Bitcoin despite market fluctuations, making it a focal point for investors in the upcoming period.
