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Bitcoin all-time high cues come as US-China deal sends DXY to 1-month high

cryptoweekly by cryptoweekly
May 12, 2025
in bitcoin, News
0

Bitcoin pauses as major assets catch up to the US-China trade deal announcement, with $102,000 on the cards as a BTC price support retest target.

Key points:

Bitcoin seeks consolidation after rapid gains as stocks and the US dollar surge on US-China trade deal news.

Nearby order book liquidity forms potential targets for traders, which now include $102,000.

Read more

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Recent Posts
  • SEC approves conversion of Grayscale's large-cap crypto fund into ETF
  • SOL ETF news gain evaporates, while chart warns of another 20% drop
  • Bitcoin at risk of deeper drop as BTC slips below key support levels
  • US regulator considers simplified path to market for crypto ETFs
  • Connecticut governor approves law prohibiting crypto use in government
  • Bitcoin analysts say market quickly absorbs selling, paving way for a bullish July
  • Connecticut Governor signs bill banning public officers from using BTC and other crypto assets

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