From Cointelegraph

May 12, 2025 2:16:00 pm:

Bitcoin experienced a price correction on May 12, dropping to $102,388 after hitting $105,819. Despite positive US-China trade talks news, profit taking and de-risking may have contributed to the dip. Strategy CEO Michael Saylor announced a Bitcoin purchase, and KindlyMD shares surged 600% after a merger with Nakamoto Holdings. Bitcoin’s mass adoption is accelerating, but Glassnode data suggests a consolidation period may be ahead. Traders may be closing long positions ahead of the May 13 CPI report. The current correction is seen as a short-term technical move.

Read more at Cointelegraph: Bitcoin short-term ‘technical sell-off’ under $100K possible ahead of May 13 CPI print