$BTC As of May 15, 2025, Bitcoin (BTC) is trading around $103,000, experiencing a slight decline of 0.2% over the past 24 hours. Despite this, the overall cryptocurrency market capitalization has increased by 2.7% to $3.38 trillion, driven by gains in altcoins such as Ethereum, XRP, and Solana.

The recent surge in Bitcoin's price, which saw a $30,000 increase over the past month, is attributed to softer-than-expected U.S. inflation data and easing trade tensions, bolstering investor confidence. However, on-chain metrics suggest a potential double top pattern, indicating possible waning momentum.

Notably, institutional interest in Bitcoin is growing, evidenced by a record $1 billion worth of BTC withdrawn from Coinbase in a single day, signaling a potential supply crunch. Additionally, the upcoming inclusion of Coinbase in the S&P 500 on May 19 has further boosted investor optimism, reflecting the increasing institutional recognition of the cryptocurrency sector.