“Crypto Is Here to Stay,” Says Coinbase CEO Brian Armstrong as Exchange Joins S&P 500 While Bitcoin Pulls Back From $105K
From Yahoo Finance: 2025-05-14 11:26:00
Following the U.S.–China trade announcement, Bitcoin surged but quickly reversed, dipping below Sunday’s low. Traders question if the rally is over or just pausing before all-time highs. The 90-day tariff pause failed to address deeper issues, leading to a muted market response, with Bitcoin trading at $102,456.
Technical exhaustion and known resistance levels caused a short-term rejection of Bitcoin’s rally. This pullback is seen as healthy, with bulls still in control as long as Bitcoin stays above $99,000–$100,000. Coinbase’s listing on the S&P 500 signals increasing institutional acceptance of crypto.
Price reclaiming above $104,460 could indicate bullish momentum, while a break below $99,000 may lead to deeper pullbacks. Renewed confidence from a finalized U.S.–China deal could benefit Bitcoin. Pullbacks are necessary for healthy growth, and the next sessions will determine Bitcoin’s direction.