$BTC exceeds 104,000 USD – The crypto market is lively again
On the morning of May 12, Bitcoin officially surpassed the 104,000 USD mark, recording the strongest increase in the past 3 weeks. The main driving force comes from the expectation that the Federal Reserve (Fed) will keep interest rates unchanged in the upcoming FOMC meeting, which helps to create a more positive market sentiment.
At the same time, news that Meta is testing the integration of stablecoins into its internal payment system has stirred up speculation, driving capital back into the crypto market.
In addition, some states in the US, such as Arizona, are also pushing forward legislation related to the holding and reserve of BTC – indicating a positive signal from local authorities regarding digital assets.
However, investors should closely monitor macroeconomic factors, especially the developments in global trade policy and tariffs in the coming week, which could affect the flow of capital into the market.
