Ah, Bitcoin—back in the spotlight like a rockstar who just got a new haircut. It’s floating around $104,000, just shy of its all-time high of $109,350. If you’re a Bitcoin fan, this is your moment. The rally’s gaining momentum faster than your grandma at a Black Friday sale, thanks to a cozy little U.S.-China trade deal, consistent ETF inflows, and hopes of lower inflation. After taking a bit of a nap at $75,000 in April, Bitcoin’s now bouncing back like a trampoline at a kid’s birthday party, up almost 10% in just a week.
U.S.-China Deal Calms Markets
BREAKING: U.S. Announces China Trade Deal in Geneva
— The White House (@WhiteHouse) May 11, 2025
The whole Bitcoin party really kicked into high gear when the U.S. and China decided to play nice in Geneva. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer are the ones giving us the good news. A joint statement is coming soon, so keep your eyes peeled. After months of tariff hikes that had us all wondering if inflation was about to take over the world, the trade deal has investors breathing a little easier. If April’s CPI data doesn’t reignite the inflation fears, we might just be golden.
CPI Could Fuel Further Gains
This upcoming Tuesday is CPI day again, and it will be very important to watch. CPI is one of the main indicators for the Fed, and this release could show whether tariffs are pushing inflation higher.
The forecast is 2.3%. If the number comes in at or below that, markets will…
— Crypto | Stocks | Freedom (@Wealthmanagerrr) May 11, 2025
Now, let’s talk about the dreaded CPI. April’s CPI might show a little slowdown, easing from 2.4% to 2.3%, according to RBC. Core CPI is expected to stay steady at 2.8%. If that forecast comes true, markets could take it as a sign to keep the party going, possibly sending Bitcoin into the stratosphere. Even if the CPI isn’t perfectly tame, it’s probably not going to be the end of the world. The market will likely chalk it up to outdated tariffs that are now just a distant memory.
Continuous ETF Inflows
Meanwhile, BlackRock’s spot Bitcoin ETF has been on a 20-day streak of inflows, pulling in over $5 billion. Combine that with the Fed’s decision to leave interest rates alone, and you’ve got yourself a recipe for sustained investor confidence. Chairman Powell even said that the tariff impact on inflation is probably just a flash in the pan. Like a bad haircut you regret the next day.
- Also Read:
- Coinpedia Digest: This Week’s Crypto News Highlights | 10 May, 2025
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Altcoins Join the Rally
And it’s not just Bitcoin throwing a party. Ethereum decided to join the fun with its best weekly gain since 2020, jumping 39% to $2,500. Dogecoin, ADA, XRP, and Solana are all riding the wave, too. HTX Research says that market conditions are healthy, with Bitcoin options volatility stable and leverage still under control. Pi Coin even jumped 33% to $1.25, its trading volume spiking 280% to $1.32 billion. If this is a crypto rally, everyone’s invited.
Price Targets Heat Up
#Bitcoin getting ready correct? or move higher?
Was hoping for another clear 5th wave to complete this 5th wave impulse, but looks like we get chop. These fib levels still look good, and with the / announcement later, maybe there is still another leg before a bigger…
— AlphaBTC (@mark_cullen) May 12, 2025
Analysts are getting bold with their predictions. AlphaBTC is eyeing a quick test of $106K, while Egrag Crypto is calling for $170K if Bitcoin can surpass $109K. But former Binance CEO CZ is out here playing the optimist, suggesting Bitcoin could hit $500K—or even $1 million—before the cycle is up. Talk about thinking big!
With no signs of overheating and some strong catalysts in play, Bitcoin’s next breakout might just be around the corner. So, buckle up and get your popcorn ready—it could be a wild ride.
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FAQs
Why is Bitcoin price up today?
Bitcoin’s price is up because of positive US-China trade talks, continuous ETF inflows, and expectations of a slow CPI report easing inflation fears. All the good things!
Are ETF inflows helping Bitcoin’s price?
Yep! BlackRock’s Bitcoin ETF has had 20 straight days of inflows, which is keeping investor sentiment high and supporting the price surge.
How much will 1 Bitcoin cost in 2025?
According to Coinpedia’s prediction, Bitcoin could peak at $168k this year if the bullish sentiment keeps going strong. Fingers crossed!
Will Bitcoin hit a new all-time high soon?
Analysts are predicting Bitcoin could soon test $106K, with some even calling for up to $170K—or, you know, $500K if it clears $109K.
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2025-05-12 10:52