FMP
May 12, 2025 11:20 AM - Parth Sanghvi
Image credit: Dmytro Demidko
Bitcoin traded broadly flat on Monday around $103,863, hovering near its highest levels since late January 2025. The cryptocurrency's resilience comes amid easing U.S.-China trade tensions and ahead of key U.S. economic data.
Over the weekend, Washington and Beijing announced a “substantial” trade agreement, pausing most tariffs and agreeing to resume detailed negotiations. U.S. Treasury Secretary Scott Bessent described the talks as “substantial,” while Chinese officials cited an “important consensus.” That optimism spilled into risk assets—including Bitcoin—helping it firmly reclaim and sustain levels above $100,000.
Last week's gain: Bitcoin jumped over 9%, driven in part by the U.S.-U.K. trade framework deal and the prospect of a U.S.-China truce.
Key threshold: Surpassing $100,000 on Thursday marked its strongest close since late January.
Current trading: Flat at $103,863.5 as of 02:19 ET, with traders awaiting further trade-deal details.
Investors now turn to Tuesday's U.S. Consumer Price Index (CPI) report for clues on inflation and potential Fed action. A surprise uptick could dampen risk appetite, while cooler-than-expected inflation may reinforce the case for stable interest rates—both of which can sway crypto flows.
For those monitoring Bitcoin's price action and volume trends, the Cryptocurrency Daily API provides up-to-the-minute pricing data and historical snapshots:
Track daily Bitcoin metrics via the Cryptocurrency Daily API
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