As of May 20, 2025, Bitcoin (BTC) is trading at approximately $105,763 USD, reflecting a 1.66% increase from the previous close. The day's trading has seen a high of $106,705 and a low of $102,381.

Bitcoin experienced significant volatility, surging above $106,000 before retracting to around $103,000. This movement led to over $600 million in crypto derivatives liquidations, attributed to a short squeeze and subsequent profit-taking amid macroeconomic uncertainties, including a U.S. credit rating downgrade and inflation concerns.

A notable development includes a $569 million long position on Bitcoin taken by a whale investor on the Hyperliquid exchange, which turned an $18 million profit as of May 20, 2025.

Analysts suggest that if Bitcoin maintains its current trajectory, it could test the $111,500 resistance level. However, a breach below the $99,065 support could signal a potential downturn.

The U.S. Senate has advanced legislation to regulate stablecoins, marking a significant milestone for the crypto market and boosting investor confidence. $BTC