Bitcoin Pulls Back from Rally as Traders Take Prof…

From Financial Modeling Prep: 2025-05-14 02:49:00

Bitcoin saw a 0.8% dip to $103,470 as investors took profits post-surge above $100,000 on optimism from the U.S.-China tariff truce. Traders locked in gains after Bitcoin hit $105,000 last week.

The U.S.-China tariff truce, reducing tariffs significantly, continues to support risk assets like cryptocurrencies.

April’s Consumer Price Index revealed a slight easing in headline inflation to 2.3% year-on-year, impacting the Fed’s rate path and crypto flows.

SEC Chair Gary Gensler proposed new token-distribution rules, adding a regulatory variable to market sentiment.

Stay updated on Bitcoin’s performance with real-time pricing and volume trends using the Cryptocurrency Daily API.



Read more at Financial Modeling Prep:: Bitcoin Pulls Back from Rally as Traders Take Prof…