$BTC Bitcoin (BTC) has recently experienced significant market movements, reflecting both macroeconomic factors and institutional behaviors. As of May 13, 2025, BTC is trading at approximately $103,740, nearing its all-time high of $109,000 reached in December 2024 . This surge was initially fueled by a U.S.-China agreement to pause most tariffs for 90 days, boosting investor confidence and pushing BTC above $105,000 . However, the rally was short-lived, with BTC slipping below $102,400 amid profit booking ahead of U.S. inflation data .

Institutional activity continues to influence the market. On May 9, Coinbase recorded its highest daily Bitcoin outflow in 2025, with over $1 billion withdrawn, indicating growing institutional demand . Conversely, Fidelity saw a significant outflow of $91.4 million from its Bitcoin ETF on May 14, suggesting a shift in investor sentiment .

Looking ahead, analysts remain bullish. Joe Burnett from Unchained forecasts Bitcoin could reach $250,000 by the end of 2025, citing factors like Bitcoin's superior monetary properties and increasing institutional adoption . Additionally, Arizona has established a Bitcoin and Digital Assets Reserve Fund, reflecting broader state-level integration of digital assets into financial practices