$BTC As of May 12, 2025, Bitcoin (BTC) is trading at approximately $103,932, reflecting a modest increase of 0.02% from the previous close. The day's trading has seen a high of $104,923 and a low of $103,445.

Earlier today, Bitcoin briefly surpassed the $105,000 mark for the first time since January 31, 2025, before retreating slightly. This upward movement is attributed to several factors:

Investor Confidence: Positive developments in U.S.-China trade talks have bolstered investor sentiment, leading to increased interest in cryptocurrencies.

Institutional Accumulation: Significant purchases by large entities, including a notable acquisition of 1,721 BTC (valued at approximately $179 million) over the past two days, suggest strong institutional confidence in Bitcoin's future performance.

Market Dynamics: Despite the recent price surge, Bitcoin remains about 4.7% below its all-time high of $109,114.88, achieved on January 20, 2025. Analysts are closely monitoring the $105,000 resistance level, with some projecting potential targets around $115,000 if bullish momentum continues.

In summary, Bitcoin's recent performance indicates a cautiously optimistic market, with key resistance levels being tested and significant institutional interest providing potential support for further gains.

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