Bitcoin (BTC) Just Received Ultimate Trigger to Retest ATH

By: bitcoin ethereum news|2025/05/12 18:30:07

Bitcoin (BTC), the leading digital currency, has received the ultimate trigger that could make it skyrocket to an all-time high (ATH) if buying momentum is sustained. Michael van de Poppe, a crypto enthusiast, highlighted this in a post he shared with the community. U.S-China trade deal sparks Bitcoin rebound According to van de Poppe, the broader financial market signals positive sentiment as there are indications of a trade deal between the U.S. and China. This suggests that the global market will likely witness reduced tension and improved trade relations. Following negotiations over the weekend, both countries have lowered tariffs to 30% for 90 days until a further review is completed. You Might Also Like This development could improve the outlook for the broader financial market and benefit risk assets like Bitcoin. Notably, the macroeconomic environment might see a reduction in inflation rates, lower interest rates and general market stability. As concerns over tariffs ease, the global market is likely to see a calmer investor push. Such a scenario might favor Bitcoin to rise toward new peaks that could see it flip the ATH of $109,114.88 it attained on Jan. 19, 2025. The asset has already achieved a new ATH against the NASDAQ. Interestingly, Bitcoin reached a high of $105,747.45 momentarily in the last 24 hours before witnessing a correction. As of press time, Bitcoin is changing hands at $105,219, a 1.56% increase in the period under consideration. Despite the correction, investors are still actively engaged, as trading volume has climbed by 13.12% to $50.43 billion. This suggests that traders keep accumulating BTC, as many anticipate an upward trajectory. Institutional players bet big on Bitcoin ETF Meanwhile, van de Poppe, in his analysis, believes Bitcoin would likely trade sideways before breaking higher. He also expects altcoins to outperform BTC in the short term. You Might Also Like As the market awaits this prediction, institutional investors are betting on Bitcoin with a large amount of funds. An investment bank, Goldman Sachs, expanded its portfolio with 30.8 million shares of Bitcoin ETF worth $1.4 billion. This was done via investment in BlackRock’s IBIT exchange-traded fund (ETF), making Goldman Sachs the largest holder in the asset manager’s firm. Source: https://u.today/bitcoin-btc-just-received-ultimate-trigger-to-retest-ath

-- Price

Interlace has launched two innovative products, Agent Card and Scan to Pay, bridging traditional finance and the crypto world, and comprehensively accelerating the integration of AI Agent consumption and stablecoin payments into everyday business scenarios with a more secure and efficient enterprise...

Morning Report | Musk's xAI launches Skills; Duan Yongping to first build position in Circle in Q1 2026; Polymarket partners with Nasdaq to launch prediction market

Overview of Important Market Events on May 19

WEEX P2P now supports COP—Merchant Recruitment Now Open

To make crypto deposits easier, WEEX has officially launched its P2P trading platform and continues to expand fiat support. We're excited to announce that the Colombian Peso (COP) is now available on WEEX P2P!

Dialogue with Lead Bank Founder Jackie: American Banks Re-embrace Crypto

Excellent crypto companies are not those that are "best at circumventing regulations," but those that are "best at evolving in collaboration with regulations."

Vitalik: What we need to do is not to fight against AI, but to create a sanctuary

What is truly scarce is not computing power, but people who are willing to think proactively and retain sovereignty.

Morning News | VanEck and Grayscale submitted BNB ETF amendments on the same day; BlackRock discusses investing billions of dollars in SpaceX's IPO; Michael Saylor releases Bitcoin Tracker information again

Overview of Important Market Events on May 17

Crypto ETF Weekly | Last week, the net outflow of Bitcoin spot ETFs in the United States was $995 million; the net outflow of Ethereum spot ETFs in the United States was $255 million

Avenir Group solidifies its position as the largest Bitcoin ETF institutional holder in Asia, ranking first in the region for eight consecutive seasons.

This Week's News Preview | The Federal Reserve Releases the Last FOMC Minutes of the "Powell Era"

Highlights of the week from May 18 to May 24.

Blockchain Capital Partner: Most people's understanding of on-chain economy is narrow

In the author's view, the most astonishing things in the blockchain space have yet to be created. Flash loans give us a glimpse, but this is just the tip of the iceberg.

The ambition of "one account trading global assets": How does CoinUp.io break down asset barriers to become an industry dark horse?

Create a diversified financial ecosystem through collaboration between CEX and public chains.

The tokenized market will reach a trillion-dollar scale, but there are still four major obstacles

WEEX Crypto Pizza Day: Join Us in Dubai for a Slice of Crypto History

Harvard and other institutions are liquidating their assets, and six core talents have left in a month. What is happening with Ethereum?

Vitalik's long-term vision is clear, but the realization of that vision requires stable coordination capabilities and continuous experience accumulation, both of which seem to be rapidly diminishing.