#NewsTrade
12 May 2025 Notable:
Bitcoin (BTC) Highlights
Current Price: $104,222
Intraday Range: $103,719 – $105,525
Bitcoin recently surged past $100,000, reaching an intraday high of $105,500, following a significant U.S.-China trade agreement that reduced tariffs from 145% to 30% for 90 days. However, the price has since adjusted, trading around $104,222.
Institutional interest remains strong, with firms like Strategy acquiring 13,390 BTC (approximately $1.34 billion) between May 5 and May 11.
Additionally, American Bitcoin, a mining company co-founded by Eric Trump, announced plans to go public through an all-stock merger, aiming to become a premier Bitcoin accumulation platform.
Broader Market Trends
The U.S.-China tariff reduction has positively impacted the crypto market, with analysts projecting Bitcoin could reach $150,000 if favorable conditions persist.
At the state level, Arizona has become the second U.S. state to establish a cryptocurrency reserve fund, aiming to protect the value of unclaimed digital assets.
