Here's the latest update on Bitcoin ($BTC ) for today, Thursday, May 15, 2025:
Bitcoin is currently trading at $102,213, reflecting a 1.4% decline over the past 24 hours. The day's trading has seen a high of $104,168 and a low of $102,213, indicating a period of consolidation after recent gains.
Market Overview:
The cryptocurrency market remains rangebound as investors await the release of the U.S. Producer Price Index ($PPI) data, which could influence market movements .
Despite the current dip, analysts suggest that Bitcoin is poised for a potential breakout, with institutional interest and market dynamics indicating a possible test of the $110,000 level in the near future.
Recent Developments:
A significant development in the crypto space is the historic $600 billion trade agreement between the U.S. and Saudi Arabia, which has triggered a market-wide rebound for digital assets .
In Europe, Ukraine is considering adding Bitcoin to its national reserves, potentially making it the first European country to adopt such a measure .