As of May 17, 2025, Bitcoin (BTC) is trading at approximately $103,595 USD, reflecting a slight decline of 0.4% over the past 24 hours. The day's trading has seen BTC fluctuate between an intraday low of $102,796 and a high of $104,275.

Bitcoin's market capitalization stands at around $2.05 trillion, with a circulating supply nearing 19.87 million BTC. Despite minor short-term corrections, the overall sentiment remains bullish, with analysts pointing to a "bull flag" pattern that could signal a continuation of the upward trend.

Recent developments include the Wisconsin Investment Board's decision to liquidate its entire $355 million Bitcoin ETF position, while Abu Dhabi's Sovereign Wealth Fund disclosed a $408 million investment in BlackRock's spot Bitcoin ETF. Additionally, Galaxy Digital has made its debut on the Nasdaq, marking a significant milestone in crypto adoption.

On the regulatory front, discussions are underway in the U.S. Senate regarding a stablecoin bill, which could have implications for the broader cryptocurrency market.

Overall, Bitcoin continues to exhibit resilience, with strong institutional interest and positive market indicators suggesting potential for further growth. #BTC $BTC