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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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  • Less than 15% Bitcoin left on crypto exchanges signals ‘supply problem’
  • Strategy set to post $13B Bitcoin gains, but revenue stalls
  • US Senate passes Trump’s budget bill without provision on crypto taxes
  • XRP news update: Traders predict consolidation to $2.35 amid ETF speculation
  • Crypto PAC-backed candidate wins Virginia primary for vacant House seat
  • Pi news update: Bulls aim to hold $0.47 support as bears reject breakout
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