$BTC Bitcoin (BTC) is currently trading around $103,218 as of Wednesday, May 14, 2025. Over the past 24 hours, the price has seen a slight decrease of approximately 0.5%. However, looking at a broader timeframe, Bitcoin has shown significant gains, with an increase of around 7% over the last week and over 20% in the past month.

The market capitalization of Bitcoin remains robust, hovering around $2.07 trillion, solidifying its position as the leading cryptocurrency. Trading volume over the last 24 hours has been substantial, indicating continued interest and activity in the market.

Recent data suggests a strong institutional interest in Bitcoin. US-listed Bitcoin ETFs have accumulated close to $63 billion since January 2024, surpassing previous highs. Furthermore, corporations have reportedly bought four times more Bitcoin than all US spot Bitcoin ETFs in 2025, signaling a potential increase in institutional demand that could impact supply on exchanges.

Technically, Bitcoin is showing a bullish trend in the short term, having broken through resistance levels. However, it is approaching a new resistance point around $105,500, which could lead to some price volatility. Overall sentiment remains positive, with analysts suggesting potential for further gains, although some caution against potential short-term corrections after the recent rally. The next significant resistance to watch will be the all-time high achieved earlier this year, around $109,000.