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Bitcoin Charges Ahead, Ethereum Breaks Records, Solana Aims Higher
Bitcoin surges past $105K on macro news and technical signals, Ethereum outpaces top global brands post-upgrade, and Solana inches toward $200 on ETF hopes.
Joe G & Money Talks
May 12, 2025 • Estimated Reading Time: 7 minutes
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Bitcoin enters the week with bullish strength, nearing $106K amid a fresh MACD crossover and strong on-chain fundamentals.
The entire US-China trade deal "pre-announcement" situation has been interesting:
Friday began with President Trump saying that 80% tariffs on China "seems right."
China responded by saying they "firmly oppose" US abuse of reciprocal tariffs.
All of a sudden, a US-China trade
— The Kobeissi Letter (@KobeissiLetter)
2:56 AM • May 12, 2025
Weekly MACD cross mimics October 2024 rally.
BTC hit $105,706 amid volatile responses to US-China trade updates.
Traders like @Moustache call the MACD signal "probably the biggest you can get."
Google Trends searches for Bitcoin indicate that $BTC is no longer a retail game.
Which confirms my theory as to why CT isn't crazy about a 100k $BTC.
Graphic: @invest_answers
— Westy💾 (@Westy_Dev)
10:16 PM • May 11, 2025
"Sharp wicks both ways show volatility is returning," - @JamesWynn
"We're seeing price move before big news hits. That's not coincidence," - @DaanCrypto
$150K Bitcoin? US-China Tariff Deal Lifts BTC Higher
Bitcoin broke above $105.7K after the US and China agreed to slash tariffs, forming a textbook bull flag breakout pointing to $150K.
Breaking News: Substantial de-escalation. Both sides lower tariffs on the other materially for 90 days
US cuts tariffs on Chinese goods to 30% (from 145%). China cuts tariffs on American goods to 10% (from 125%)
Bessent says US nor China want to decouple
Massive move up in
— David Ingles (@DavidInglesTV)
7:08 AM • May 12, 2025
US to cut tariffs from 145% → 30%, China cuts from 125% → 10%.
S&P 500 futures rose 2.8%, gold dropped 2.3% as money shifted to risk assets.
RSI still under 70, showing bullish momentum without overbought excess.
"Bull flag confirms. Target: $150K," - Analysts via TradingView"The sentiment index warns of short-term overheating," - Bitwise