As of May 12, 2025, Bitcoin (BTC) is trading at approximately $104,391 USD, reflecting a 1.13% increase from the previous close.
In Bangladeshi Taka ($BTC ), 1 BTC is valued at around ৳10,236,566, based on recent data from CoinGecko .
This surge in Bitcoin's price is attributed to several factors:
Institutional Investment: There has been a notable influx of institutional capital into the cryptocurrency market, with $5.5 billion flowing into digital asset funds in the past three weeks, including $1.8 billion into Bitcoin products .
Market Sentiment: Positive market sentiment, bolstered by favorable trade news, has contributed to Bitcoin nearing the $100,000 mark for the first time in months .
Macroeconomic Factors: Increased skepticism towards U.S. markets, partly due to President Trump's "Liberation Day" tariffs, has led investors to seek alternative assets like Bitcoin .
These developments suggest a bullish outlook for $BTC in the near term.
