From Yahoo Finance: 2025-05-13 16:22:00

Bitcoin BTC surged above $104,000 fueled by fresh inflation data, President Trump’s bullish market outlook, and Coinbase’s inclusion in the S&P 500. April’s CPI came in lower than expected, easing Fed inflation concerns. Altcoins in the CoinDesk 20 Index saw gains, with Ethereum’s ether rising over 9%. Stocks also rose, with Coinbase surging 24% on S&P 500 inclusion. Analysts believe the crypto market rally has momentum, with institutional interest increasing. Bitfinex analysts predict BTC consolidation around $104,000-$106,000, targeting $150,000-$180,000 in the long term as BTC evolves as a global reserve asset.



Read more at Yahoo Finance: Bitcoin Eyes $105K as Coinbase Surges 24%; Rally Has More Room, Says Analyst