$BTC As of May 14, 2025, Bitcoin (BTC) is trading at approximately $104,461, reflecting a modest increase of 2.6% over the past 24 hours. The cryptocurrency experienced a dip below $102,400 earlier this week due to profit-taking and investor caution ahead of the U.S. Consumer Price Index (CPI) release.  

The latest CPI data indicates that U.S. inflation has cooled more than expected, potentially influencing Federal Reserve policy and positively impacting Bitcoin’s price trajectory. 

In regulatory developments, Arizona has become the second U.S. state to establish a cryptocurrency reserve fund, following New Hampshire. This move reflects a growing trend among states to integrate digital assets into their financial strategies. 

On the international front, London has launched GFO-X, its first regulated and centrally cleared digital asset derivatives trading platform. This platform offers Bitcoin index futures and options, signaling increased institutional interest and infrastructure development in the crypto space. 

Analysts forecast that Bitcoin could reach $114,000 by mid-May, supported by a bullish market sentiment and a Fear & Greed Index score of 70, indicating ‘Greed’. 

Despite recent fluctuations, Bitcoin remains approximately 3% below its all-time high, with a year-to-date increase of over 10%. The cryptocurrency continues to be a focal point for investors navigating the evolving economic landscape.