$BTC Current situation of Bitcoin
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As of May 12, 2025, Bitcoin is trading around $104,000, marking a significant rebound from April's lows. The surge is fueled by easing U.S.-China trade tensions, a new U.S.-UK trade agreement, and positive macroeconomic indicators. Institutional investments are rising, with companies like MicroStrategy expanding their Bitcoin holdings. Analysts predict Bitcoin could surpass $110,000 this month due to increased demand and limited supply. The cryptocurrency's momentum is further supported by regulatory developments, including New Hampshire's establishment of a state crypto reserve. Overall, Bitcoin's outlook remains bullish amid growing institutional interest and favorable market conditions.