As of May 12, 2025, Bitcoin (BTC) is trading at approximately $102,195 USD, reflecting a slight decrease of about 2.1% over the past 24 hours. The day's trading range has seen highs around $105,525 and lows near $101,065.
Earlier today, Bitcoin briefly touched $106,000 before retreating, influenced by profit-taking following the announcement of a U.S.-China trade truce. This easing of geopolitical tensions initially boosted market sentiment, but some investors opted to secure gains, leading to a pullback .
Additionally, analysts are observing potential short-term technical sell-offs, with Bitcoin possibly dipping below the $100,000 mark ahead of the upcoming U.S. Consumer Price Index (CPI) release on May 13. This anticipated economic data is prompting some traders to de-risk their positions .
In corporate developments, Japan's Metaplanet has expanded its Bitcoin holdings by purchasing an additional 1,241 BTC, totaling nearly 6,800 BTC. Such institutional investments continue to play a significant role in the cryptocurrency market .
Looking ahead, market participants are closely monitoring the $100,000 support level. A sustained hold above this threshold could signal continued bullish momentum, while a break below might indicate further consolidation.
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