Bitcoin Surges Past $105K Amid Trade Optimism and Institutional Moves

Bitcoin $BTC has recently surpassed the $105,000 mark, driven by renewed optimism surrounding U.S.-China trade negotiations and increasing institutional interest in the cryptocurrency market.

However, despite the initial surge, Bitcoin experienced a slight pullback, declining by about 3% to $101,295, as investors engaged in profit-taking and assessed the sustainability of the rally.

In a significant development, American Bitcoin, a cryptocurrency mining firm co-founded by Eric Trump and Donald Trump Jr., announced plans to go public through a merger with Gryphon Digital Mining. This move positions the company as a leading Bitcoin accumulation platform and reflects the Trump administration's broader pro-crypto stance.

Additionally, institutional investment continues to bolster Bitcoin's momentum. Strategy, a prominent investment firm, recently acquired 13,390 $BTC for $1.34 billion, signaling strong confidence in Bitcoin's long-term value.

On the regulatory front, the U.S. Securities and Exchange Commission (SEC) has announced plans to create new rules for crypto tokens, aiming to provide clearer guidelines for the rapidly evolving digital asset landscape.

As of May 12, 2025, Bitcoin is trading around $104,330, just shy of its record peak of $109,000 reached in December 2024, underscoring its resilience and growing acceptance in the financial ecosystem.

These developments highlight Bitcoin's increasing integration into mainstream finance and its potential as a hedge against traditional market uncertainties.