🚨Crypto Market News - Bitcoin (05/16/2025):
The Bitcoin market presents interesting movements today:
➡️Recovery and Price Level: The price of Bitcoin (BTC) is seeking a recovery, rising approximately 2% and trading around US$103,000. Bulls (investors with a bullish outlook) are looking for a new test at the resistance of US$105,000.
➡️ETFs and Increased Confidence: Despite a drop in inflows of spot Bitcoin ETFs, the activity of "whales" (large Bitcoin holders) suggests a more contained profit-taking and reinforces investor confidence, boosting the view of support at US$100,000 and a possible accelerated bull market.
🚨Corporate and Political News:
➡️The Bitcoin Futures Contract (BIT) on B3 (Brazilian Stock Exchange) completed a year with over R$2 trillion traded, indicating an increase in liquidity and institutionalization of the asset in Brazil.
➡️Eric Trump, co-founder of a Bitcoin mining company, stated at the Consensus Crypto conference that "the world is trying to accumulate Bitcoin now."
➡️Méliuz announced the acquisition of US$28.4 million in Bitcoin, becoming a "bitcoin treasury company," indicating a growing corporate adoption of Bitcoin as a reserve asset.
➡️There are speculations that the Bitcoin rally may continue for another 5 months, according to analysts at Piper Sandler.
➡️Basel Medical Group Ltd. announced plans to initiate a strategy to purchase US$1 billion in Bitcoin.
In summary, Bitcoin shows resilience with price recovery and signs of institutional confidence, despite some fluctuations. Corporate news and increasing liquidity in futures markets indicate ongoing maturity and acceptance of the asset.
