As of May 18, 2025, Bitcoin (BTC) is trading at approximately $103,922 USD, reflecting a modest increase of 0.43% over the past 24 hours.
Recent Market Developments:
Price Consolidation: Bitcoin has been oscillating between $101,000 and $105,000, indicating a period of consolidation after recent gains.
Institutional Movements: The Wisconsin Investment Board recently liquidated its entire $355 million position in a Bitcoin ETF, suggesting a strategic portfolio adjustment.
Regulatory Landscape: The UK plans to mandate crypto firms to report all customer transactions starting in 2026, aiming to enhance tax compliance and regulatory oversight.
