$BTC remains above $102,000: Consolidation before new highs?
On May 12, 2025, Bitcoin (BTC) is trading around $102,994 USD, registering a slight drop of -0.88% in the last 24 hours. Despite reaching an intraday high of $105,525 USD, the price pulled back due to profit-taking following the announcement of a reduction in tariffs between the U.S. and China.
Key data:
Current price: $102,994 USD
Intraday high: $105,525 USD
Intraday low: $101,065 USD
Trading volume (24h): $40.05 billion USD
Market capitalization: $2.04 trillion USD
Circulating supply: 19,863,953 BTC
What is driving this movement?
The recent surge in BTC is attributed to several factors:
Market optimism: The trade agreement between the U.S. and China has generated positive sentiment in the financial markets, benefiting assets like Bitcoin.
Institutional interest: The purchase of 13,390 BTC by Strategy, valued at $1.34 billion, has increased confidence in the market.
Is it time to enter or wait for confirmation?
The recent momentum in BTC suggests an emerging upward trend. However, it is advisable to observe whether the price maintains this trajectory before making investment decisions.
Note: The shared content is for informational purposes. Decide calmly before making personal financial decisions.
