Today 13, 2025, Bitcoin (BTC) is trading at approximately $103,942, reflecting a modest increase of 0.94% over the past 24 hours. The cryptocurrency reached an intraday high of $104,159 and a low of $101,065, indicating a relatively stable trading range amid broader market fluctuations.

The recent U.S.-China tariff truce, which led to a significant rally in traditional stock markets, did not have a sustained positive impact on Bitcoin's price. Despite an initial surge to a three-month high of $105,720 following the announcement, Bitcoin's value quickly retreated to around $102,000, highlighting the complex interplay between macroeconomic factors and cryptocurrency markets.

In the realm of institutional adoption, MicroStrategy announced the acquisition of an additional 13,390 Bitcoins for $1.34 billion, bringing its total holdings to 568,840 Bitcoins valued at approximately $59 billion. This move underscores the continued interest of institutional investors in Bitcoin as a long-term asset.Additionally, Coinbase Global Inc. is set to join the S&P 500 index on May 19, marking a significant milestone as the first cryptocurrency company to be included in this benchmark index.

This inclusion is expected to increase demand for Coinbase's stock, as index funds and exchange-traded funds that track the S&P 500 will need to purchase COIN shares to mirror the index

Despite these developments, Bitcoin's price remains volatile, influenced by a combination of macroeconomic news, regulatory updates, and institutional activities. Investors are advised to stay informed and exercise caution, as the cryptocurrency market continues to navigate through a complex and rapidly evolving landscape.