News 
May 13, 2025 
3 min. 
Bitcoin (BTC) soared past the $104,000 mark on Tuesday, fueled by a trifecta of bullish catalysts: easing U.S. inflation data, Donald Trump’s optimistic market forecast, and growing excitement as Coinbase joins the S&P 500—a milestone that boosted investor confidence across both crypto and traditional markets. The rally brought BTC within striking distance of its all-time highs, briefly nearing $105,000 before consolidating.
Cooler CPI Ignites Crypto and Stocks
April’s Consumer Price Index (CPI) came in cooler than expected, offering relief to inflation-wary investors and potentially easing pressure on the Federal Reserve. With Fed Chair Jerome Powell scheduled to speak Thursday, markets are bracing for fresh monetary policy signals.
Trump added fuel to the fire at the Saudi–U.S. Investment Forum in Riyadh, stating that financial markets “could go a lot higher,” further lifting investor sentiment.
Coinbase Skyrockets on S&P 500 News
As of press time, Bitcoin is trading at approximately $104,400, up 2.4% over the past 24 hours. Altcoins joined the rally, with Ethereum (ETH) surging 9% to reclaim $2,700. Tokens tied to restaking and DeFi (such as Eigenlayer’s governance coin and EtherFi’s ETHFI token) exploded with daily gains between 20% and 30%.
Meanwhile, equities added to their recent climb. The Nasdaq rose 1.6% and the S&P 500 gained 0.75%, with Coinbase (COIN) shares skyrocketing 24% after news broke of its upcoming inclusion in the S&P 500. Analysts at Jefferies project this could attract up to $16 billion in passive inflows into COIN stock.
BTC Resistance Ahead, but Bulls Eye $180K Long-Term
Despite the excitement, Bitfinex analysts caution that BTC faces short-term resistance between $104,000 and $106,000, suggesting a brief consolidation may follow. Key support lies near $98,000, making the coming weeks crucial for Bitcoin’s next move.
Still, the broader outlook remains highly bullish. Bitfinex predicts a new all-time high could emerge in June, setting the stage for a massive upswing toward $150,000 to $180,000 by 2025 to 2026.
“Bitcoin’s long-term outlook is the strongest it has ever been,” analysts wrote, citing growing sovereign and institutional adoption, a global wave of crypto ETF launches, and friendlier U.S. regulatory positioning.
