$BTC
of Tuesday, May 13, 2025, at approximately 3:26 PM in Rajshahi, Bangladesh, here's a snapshot of Bitcoin (BTC):
Price:
Bitcoin is currently trading around $102,500 - $104,700 USD. Prices can vary slightly across different exchanges.
Over the last 24 hours, Bitcoin has shown some volatility, with some sources indicating a slight decrease (around -0.3% to -1.77%) and others showing a slight increase (around +0.48% to +1.24%).
Market Capitalization:
The market capitalization of Bitcoin is approximately $2.04 Trillion USD. Bitcoin continues to hold the top position in terms of market capitalization among all cryptocurrencies, with a dominance of around 62-64% of the total crypto market.
Recent News and Developments:
CPI Data Impact: Cryptocurrency traders are closely watching the release of the US Consumer Price Index (CPI) data today (May 13th). Market expectations are around 2.4%. A higher-than-expected CPI could lead to increased downside volatility, while a figure at or below expectations might fuel bullish price action.
Coinbase and S&P 500: Shares of Coinbase (COIN) surged after the announcement that it will be included in the S&P 500 index, effective before the market opens on May 19th. This is seen as a significant milestone for the cryptocurrency industry, potentially leading to broader investor exposure.
Institutional Interest: Goldman Sachs has significantly increased its investment in Bitcoin through BlackRock's Bitcoin ETF, becoming the largest institutional holder. This signals strong confidence from traditional financial institutions in Bitcoin ETFs.
Market Consolidation: After a recent rally partly driven by eased US-China trade tensions, Bitcoin is currently in a consolidation phase, trading in a range between $103,000 and $105,000. The $102,000 level is being watched as a key support zone.
Potential for New All-Time High: Technical indicators suggest that Bitcoin might be forming a base for a new all-time high, with the retest of the 50-week EMA being a significant factor.
Overall Market Sentiment:
