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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.

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  • Bitcoin targets $200K as profit metrics enter ‘cautiously optimistic’ zone
  • Elon Musk’s xAI raises $10B as Trump threatens to unleash DOGE on him
  • Centrifuge brings S&P 500 onchain in tokenized fund launch
  • FATF warning on stablecoin crimes is not anti-crypto, intel firms say
  • Malaysian regulator proposes easing crypto asset listing process
  • DOJ charges 4 North Koreans in $1M crypto theft from blockchain startup
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