Bitcoin (BTC) Price Update – May 12, 2025

Current Price: $104,451

24-Hour Change: +2.85%

Market Sentiment: Bullish

24H Volume: $48.3B | Market Cap: $2.06T

Key Highlights:

Institutional Demand Rising: Bitcoin continues to attract institutional capital, with large players accumulating steadily post-halving.

Halving Impact in Play: Reduced miner rewards are cutting new supply, fueling long-term scarcity.

Exchange Outflows Increase: More BTC is leaving exchanges for cold storage, indicating strong holding behavior.

Technical Snapshot:

Support Level: $100,000

Resistance Ahead: $107,000

A breakout past $105K could spark a move toward $110K and beyond, driven by strong momentum and limited sell pressure.

Outlook:

Bitcoin is showing resilience amid global financial uncertainty. As macroeconomic pressures mount, BTC is increasingly viewed as a hedge — not just by crypto enthusiasts, but also by legacy institutions.

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