BTC Drops 3.68% to $101,880 Amid Market Correction
Bitcoin experienced a moderate price decline over the past 24 hours, dropping 3.68% to $101,880.61 as of May 12, 2025, while maintaining a strong market capitalization of approximately $2.04 trillion. Despite this correction, Bitcoin remains up 10.69% for the week and 25.10% over the past month, reflecting continued investor interest and robust trading activity.
The current price movement is attributed to a market correction following recent gains driven by expectations of Federal Reserve rate cuts, increased institutional investment, and easing global trade tensions. Over the past month, 110,000 BTC were withdrawn from centralized exchanges, reducing exchange reserves and potentially contributing to reduced selling pressure. Bitcoin’s market dominance has slightly decreased from over 65% to 63.89%, indicating growing activity in other digital assets. Trading volumes remain high, with 24-hour volume between $25.76 billion and $36.04 billion, and circulating supply at 19.86 million BTC. The recent pullback follows a rally that brought Bitcoin close to its all-time high of $109,358.01, with current movements reflecting typical volatility after significant upward trends.
SEC Chair Paul Atkins Outlines Pro-Crypto Vision At Today’s Crypto Roundtable
New SEC Chair Paul Atkins, appointed by Trump, announced a huge shift in crypto regulation at today's SEC Crypto Task Force Roundtable hearing titled "Tokenization: Moving Assets Onchain: Where TradFi and DeFi Meet."
He emphasized moving away from enforcement-led actions toward clear, supportive rulemaking.
Atkins criticized the previous administration's hostile stance under Gensler and pledged to create tailored guidelines for crypto assets, custody, and broker-dealer rules.
He also signaled openness to exemptive relief for innovative crypto products, positioning the SEC as more collaborative and industry-friendly moving forward.
Source: The Block
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Trade War Truce: Is This Your Golden Ticket to Crypto Gains?
How This Global Calm Could Potentially Inflate Your Digital Wallet
Well now, ain't this somethin'? That hullabaloo 'tween nations, the one with tariffs flyin' thicker than June bugs in a heatwave, seems to be takin' a breather. And you might just be askin', what in tarnation does that have to do with my crypto stash? More than you reckon, friend.
Is Your Portfolio Feeling a Tad Under the Weather? This Trade Wind Shift Might Be the Cure.
See, when the big fellas on the world stage stop their bickerin' and start playin' nice, markets tend to loosen up. Risk appetite returns like a hound dog to its favorite porch. And where do folks often park some of that newfound enthusiasm? You guessed it – the digital frontier.
How to Ride the Wave of Global Harmony Straight to Crypto Shores.
A thaw in trade tensions can mean more capital flowin' freely. Businesses feel a bit more spry, and investors get a tad bolder. This can create a favorable climate for assets like cryptocurrency, which, let's be honest, can sometimes feel like a bucking bronco in a storm.
You Won't Believe How a Little Global Peace Could Sweeten Your Crypto Pot.
Don't just sit there like a bump on a log. Keep a weather eye on these global winds. A calmer economic sea can lift all boats, even the digital ones. It might just be the opportune moment to hitch your wagon to the crypto stars.
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