$BTC As of May 13, 2025, Bitcoin (BTC) is trading at approximately $101,858, marking a slight decline of 0.02% from the previous close. Earlier this week, BTC surged to an intraday high of $105,525, driven by renewed optimism following the U.S.-China agreement to temporarily reduce tariffs. This development bolstered investor confidence across global markets, with Bitcoin briefly surpassing a $2 trillion market capitalization .

The positive sentiment was further amplified by significant institutional investments. Notably, Strategy, under the leadership of Michael Saylor, acquired 13,390 BTC for $1.34 billion, bringing its total holdings to 568,840 BTC . Additionally, the announcement of American Bitcoin's plans to go public, backed by figures associated with former President Donald Trump, has added to the bullish outlook .

However, analysts caution that Bitcoin faces resistance near its all-time high of $109,000. Profit-taking and geopolitical uncertainties, particularly related to former President Trump's unpredictable comments, may hinder further significant upward movements . Despite these challenges, the recent surge underscores Bitcoin's resilience and its growing role as a barometer for the digital asset market.