the market shows BTC breaking through $88,000, now reported at $88,059, a 24-hour increase of 4.25%, with significant market fluctuations, please manage risks.
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BTC breaks through $88,000
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EMC Labs ·
The “reciprocal tariff war” has entered the third stage, crypto assets have rebounded across the board, and BTC may quickly break through the previous high (05.05~05.11)
The short-term unrealized gains have just exceeded 10%, with only 2% of positions currently at a loss, indicating that the market is in a very safe state.
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Binance CEO: Adoption by institutional investors will strengthen Bitcoin’s “digital gold” and hedging attributes
On May 12th, Binance CEO Richard Teng stated in a post on X platform: "Against the backdrop of global economic uncertainty, Bitcoin remains the flagship cryptocurrency asset and a resilient store of value. With the adoption of institutional investors, it is expected that Bitcoin will play a more important role as a hedge tool and digital gold in diversified investment portfolios." -
Tokyo-listed Beat Holdings raises Bitcoin ETF investment limit from $6.8 million to $34 million
On May 12th, Tokyo-listed company Beat Holdings announced that it will increase the upper limit of its Bitcoin-related investments from $6.8 million to $34 million. The company has purchased 131,230 units of BlackRock's iShares Bitcoin Trust (IBIT) at an average purchase price of $49.49 per unit. As of May 9th, the unrealized gain on the holdings has exceeded $681,000. To support further investments, Beat Holdings has withdrawn $2.8 million from its revolving credit line, with an expected interest of approximately $150,000 generated within the year. -
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Investors are quickly changing their perspectives on crypto now that altcoins have departed from a negative trend and found buying pressure from a renewed risk-on sentiment, one analyst said.
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Bitcoin Challenges $105K on Positive Weekend Macro Headlines
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