$BTC

Bitcoin (BTC) Price Update – May 12, 2025

As of May 12, 2025, Bitcoin (BTC) is trading at approximately $104,486, reflecting a daily gain of about 0.99%. The day's trading range is between $103,445 and $105,525.

Market Overview:

Market Capitalization: Around $2.08 trillion

24-Hour Trading Volume: Approximately $49.6 billion

Circulating Supply: Around 19.86 million BTC

Recent Developments:

Institutional Investment: Major corporations have increased their BTC holdings, signaling strong confidence from institutional investors.

Regulatory Momentum: Positive regulatory moves, including approval for Wall Street banks to offer Bitcoin custody services, have boosted investor sentiment.

Macroeconomic Factors: Improving global economic conditions and easing trade tensions have supported a favorable environment for crypto assets.

Analyst Insights: If Bitcoin holds above the $100,000 level, analysts suggest it may enter a new price discovery phase with potential for further upward movement.