#CryptoCPIWatch

On May 13, 2025, the Bitcoin currency saw a slight decline to below $102,400, after having exceeded $105,000. This drop is attributed to profit-taking and anticipation of U.S. inflation data. Despite the decline, Bitcoin rose by 14% in April, benefiting from eased trade restrictions and expectations of U.S. interest rate cuts. In a move reflecting growing institutional interest, the GFO-X platform was launched in London as the first cryptocurrency derivatives trading platform in the UK. Arizona also announced the establishment of a digital reserve fund, becoming the second after New Hampshire. These moves indicate a growing institutional support for Bitcoin despite market volatility, making it a focal point for investors in the upcoming period.