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Cryptocurrency News Articles
Bitcoin price today on May 19, 2025, is trading at USD 1,04,444.28
May 19, 2025 at 11:07 am
Bitcoin price reached an all-time high of USD 109,114.88 in January 2025. Experts predict that the cryptocurrency could continue its upward trajectory. If the current trend continues, Bitcoin price may surpass the USD 120,000 mark by the end of 2025.
Bitcoin price today, May 19: The price of Bitcoin (BTC) stood at USD 1,04,444.28 by 3:11 AM IST on Monday, showing a minor decrease from the previous day's closing price of USD 1,05,327.55 at 8:44 PM IST.
Despite this dip, Bitcoin remains above the crucial USD 1,00,000 level. The cryptocurrency reached an all-time high (ATH) of USD 1,09,114.88 in January 2025, and experts predict that it could continue its upward trajectory.
If the current trend continues, Bitcoin price may surpass the USD 1,20,000 mark by the end of 2025.
On Monday, Bharti Airtel, Delhivery and Hyundai Motor India among the shares may remain in the spotlight.
Also Read: Ruchi Soya Industries Rises As Broker Remains Bullish, Recommends Buy With A Price Target Of 1,100
In the cryptocurrency market, Bitcoin price today opened at USD 1,03,960.00 for the current trading session. The cryptocurrency reached a high of USD 1,04,888.88 and a low of USD 1,03,600.00.
On the other hand, Ether price today stood at USD 2,080.26, showing a minor increase from the previous day's closing price of USD 2,072.96. The cryptocurrency price is expected to find support at the USD 2,000 level, while resistance may be encountered at the USD 2,100 mark.
Further, Bitcoin futures on the Chicago Mercantile Exchange (CME) for December 2025 maturity traded at around USD 1,19,780, indicating that traders anticipate Bitcoin price to rise above the USD 1,20,000 mark by the end of the year.
Moreover, Bitcoin's dominance in the cryptocurrency market stood at 46.80, indicating that traders prefer to allocate more of their portfolio to Bitcoin over other cryptocurrencies.
The total cryptocurrency market cap was at USD 23.87 trillion, while the DeFi (decentralized finance) market cap amounted to USD 111.10 billion. The total cryptocurrency volume for the 24-hour period was at USD 76.97 billion.
According to the crypto analytics platform Glassnode, Bitcoin's realized price, which is the average price at which coins last moved, dropped to around USD 42,000 on Monday. This suggests that a significant portion of Bitcoin's recent gains have been wiped out.
At the beginning of the year, Bitcoin price was trading at around USD 27,000, and it quickly surged to new all-time highs, exceeding the USD 80,000 mark in March. However, the cryptocurrency faced rejection at higher levels and pulled back to the USD 70,000 support.
Afterward, Bitcoin price recovered and breached the USD 80,000 resistance, paving the way for a continuation of the bullish trend.
The next crucial resistance level for Bitcoin is at USD 1,00,000, which could be a deciding factor for the cryptocurrency's short-term trend. If the bulls can push Bitcoin price above this level, it could open the door for a potential rally to the next resistance at USD 1,20,000.
However, if the bears manage to break the USD 1,00,000 support and drive Bitcoin price lower, it could create opportunities for traders to enter into short positions.
In the cryptocurrency market, traders use futures contracts to speculate on the price movements of cryptocurrencies. These contracts are typically written for a future date and time, and they set a price for the cryptocurrency at which the traders agree to buy or sell.
For instance, Bitcoin futures on the CME for December 2025 maturity traded at around USD 1,19,780, indicating that traders anticipate Bitcoin price to rise above the USD 1,20,000 mark by the end of the year.
The cryptocurrency market is known for its volatility, and traders use technical analysis to identify potential trading opportunities. As Bitcoin price approaches the crucial USD 1,00,000 support level, traders will be closely watching for any signs of a reversal.
If the bulls manage to defend this support level and push Bitcoin price higher, it could create opportunities for traders to open long positions in anticipation of further gains.
On the other hand, if the bears manage to
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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