Bitcoin Pulls Back from $106K Peak as Trade Truce Sparks Profit-Taking
Bitcoin’s impressive rally above $106,000 faced a temporary setback, dropping 3% to $101,300 as traders locked in profits following the U.S.-China tariff ceasefire. Despite the pullback, the cryptocurrency remains significantly stronger, having surged 40% from its April lows below $75,000. This upward momentum was initially fueled by successive trade agreements with the UK and China, which bolstered investor confidence in digital assets. Meanwhile, traditional markets saw a resurgence as risk appetite briefly rotated toward conventional assets like equities. The current market dynamics highlight Bitcoin’s evolving role as both a speculative asset and a hedge against macroeconomic uncertainties. As of May 13, 2025, analysts remain bullish on Bitcoin’s long-term prospects, viewing this dip as a healthy correction before the next leg up.
Bitcoin Retreats Below $102K as Trade War Truce Triggers Profit-Taking
Bitcoin’s rally stalled after breaching the $106,000 mark, with prices sliding 3% to $101,300 as traders capitalized on the U.S.-China tariff ceasefire. The cryptocurrency had surged 40% from its April lows below $75,000, fueled by successive trade agreements with the UK and China.
Traditional markets displayed inverse momentum, with equity indices climbing as risk appetite rotated toward conventional assets. The ’buy the rumor, sell the news’ dynamic played out sharply in crypto markets, contrasting with Wall Street’s continued optimism.
Eric Trump’s American Bitcoin Eyes Nasdaq Listing in Crypto Expansion Push
The Trump family is deepening its involvement in cryptocurrency with Eric Trump and Donald Trump Jr. taking their Bitcoin mining venture public. American Bitcoin will merge with Gryphon Digital Mining in an all-stock deal, expected to close by Q3 2025, listing on Nasdaq under the ticker ABTC.
Existing shareholders, including the Trump brothers, will retain 98% control of the combined entity. The move signals strategic confidence in Bitcoin’s infrastructure potential beyond speculative assets. "We won the space race. We better win the crypto race," Eric Trump told CNBC, positioning American bitcoin as a vehicle for U.S. dominance in crypto mining.
Dow Surges 1,100 Points as U.S. and China Cut Tariffs; BTC Dips
The Dow Jones Industrial Average skyrocketed more than 1,100 points on Monday, marking one of its strongest rallies in recent history. The S&P 500 climbed 3.25%, while the Nasdaq Composite surged 4.34%, fueled by tech and retail stocks with heavy exposure to China. Tesla, Apple, and Amazon led the charge with gains of 7%, 6%, and 8%, respectively.
The rally followed a breakthrough in U.S.-China trade relations, with both nations slashing tariffs. U.S. duties on Chinese goods dropped to 30% from 145%, while Beijing reduced retaliatory tariffs on American imports to 10%. Treasury Secretary Scott Bessent described the negotiations as "very productive," hinting at further discussions in the coming weeks.
Meanwhile, Bitcoin (BTC) bucked the trend, declining amid the risk-on sentiment in traditional markets. The cryptocurrency’s inverse correlation with equities resurfaced as capital flowed into equities.
Bitcoin Hits $105,000 as BTC Bull Token Raises $5.6M: The Next Bitcoin?
The cryptocurrency market surged by $450 billion in the past week, with Bitcoin leading the charge. The rally saw BTC breach $105,626, while altcoins mirrored the upward trajectory. Macroeconomic turbulence in early Q2 2025 triggered a brief pullback, but a 90-day US-China tariff truce reignited bullish momentum.
Investor sentiment flipped decisively on May 12th, propelling the total market cap nearly 2% higher in a single session. The rebound underscores crypto’s growing resilience to traditional market shocks. Notably, the BTC Bull Token project capitalized on the optimism, securing $5.6 million in funding during the rally.
Bitcoin Holds Above $100K Amid Institutional Support and Macro Shifts
Bitcoin’s resilience above the $100,000 threshold underscores growing institutional confidence and favorable macroeconomic conditions. Despite a 2.5% dip in the past 24 hours to $101,600—triggering $200 million in long liquidations—on-chain metrics remain bullish, according to Bitfinex’s latest Alpha report.
The cryptocurrency rallied from $74,000 to $105,660 last week, now trading just 3.6% below its all-time high of $109,590. At press time, BTC hovered at $102,606, with the recovery reflecting a broader repricing of risk assets and shifting market sentiment.
