🚨 The Daily Block: Crypto News That Matters

Author

CoinGape Media
May 12, 2025

News

After months of tariff tensions, the latest US-China trade deal on Monday has sent shockwaves through the global crypto market. As both countries have agreed to a 90-day tariff suspension, the crypto community celebrates the development, anticipating a major rally ahead. In response to this significant development, the Bitcoin price has surged past the crucial $105k mark.

Michael Saylor’s MicroStrategy, now known as Strategy, made another Bitcoin purchase between May 5 and May 11 for $1.34 billion. This marks one of the company’s largest BTC purchases this year, bringing its total holdings to 568,840. Meanwhile, the Strategy stock is back above $400 amid

Markets

Solana (SOL) price has made an impressive 21% rally in the last seven days, but the recent FTX unlocks have caused uncertainty about whether the altcoin can break $200. Amid the uncertainty, three chart patterns featuring different metrics have emerged, suggesting that SOL will likely breach this psychological level soon and possibly target all-time highs.

The crypto market is on a bullish trajectory today, May 12, after Bitcoin (BTC) broke above $105,000 for the first time in three months. Altcoins are also recording major gains, as most register double-digit percentage gains in the last one week. These gains will likely continue after US President Donald Trump dismissed inflation concerns.