According to CoinDesk sources, the Bitcoin Price has surged over $104,000. This surge was mainly due to institutional demand, positive Inflation data, and Coinbase’s addition to the S&P 500 index.
Even though there might be some challenges near the level of $106,000, many analysts believe that the price might keep rising.
According to CoinMarketCap’s recent data, Bitcoin’s price on May 14 is roughly around $103,653.70 with a 24-hour trading volume of $49.37 B.
Coinbase’s S&P 500 Debut Spurs Market Momentum
According to a Cointelegraph report, the unexpected entry of Coinbase into the S&P 500 index has led to a 24% jump in its stock price.
Experts think this move is more than just a heading, as it shows that the crypto industry is becoming a big part of traditional finance.
Jefferies estimated that this change might bring a passive inflow of $16 billion into Coinbase and would give a major boost to the crypto market.
Joel Kruger, a market expert at LMAX Group, told CoinDesk that Coinbase becoming part of the S&P 500 makes it the first company from the crypto world to join the major U.S. financial index.
He said that it is not just for show, but it proves that big financial institutions have started to take crypto seriously.
The Bitcoin price is currently sitting around $104,400, and investors are closely watching the overall mood in the stock market as well as in crypto markets.
Coinbase’s success is seen as a sign that crypto is getting more accepted and is more trusted in the financial world.
Bitcoin Price Driven by Institutional Demand
According to the European research head, André Dragosch, on May 9, Coinbase saw its highest daily outflow of Bitcoin this year, with 9,739 BTC, which is worth more than $1 billion, leaving the exchange.
This shows that large investors are buying and holding Bitcoin, and that too in big amounts. On May 13, Dragosch wrote on X that big investors are showing more and more interest in Bitcoin.
He also mentioned on the Chain Reaction show that in 2025, companies bought four times more Bitcoin than all the U.S. spit Bitcoin ETFs combined.
This trend is increasing the illiquid supply of Bitcoin; it now has reached a record of 14 million BTC, according to Glassnode.
The price is usually pushed up when fewer Bitcoins are available on exchanges, particularly when demand goes up.
With Bitcoin’s current price at $103K, is the $110K mark within reach, or will it face challenges from resistance levels ahead? Take a look at the current Bitcoin data as of May 14, 2025.
| Metrics | Value | Sources |
| BTC current Price | $103,584.56 | Coinmarketcap |
| Resistance Levels | $107,000, $110,000 | Finance Magnates |
| Support Levels | $100,000, $90,000 | Finance Magnates |
| Coinbase (COIN) Daily Surge | +24% | CNBC |
| Analyst Short-Term BTC Target | $108,000–$110,000 | Finance Magnates |
CPI Report and Trump’s Optimism Boost Sentiment
April’s lower-than-expected Consumer Price Index(CPI) data has also helped the recent crypto recovery. The report eased the worries that the Federal Reserve might take aggressive action on inflation and help the riskier assets like Bitcoin.
Former President Donald Trump’s speech at the Saudi-U.S. The Investment Forum added to the market optimism. He said that the market could still rise higher, referring to America’s improving economic outlook and easing trade tensions around the world.
These factors have helped to lift the Bitcoin price close to $105,000, though it slightly dropped back at the time of the report.
Analysts Caution Against Short-Term Froth
Though there is a positive outlook, some analysts are staying cautious. Bitfinex researchers pointed out that Bitcoin is facing strong resistance in the range of $104,000-$106,000.
With neutral funding rates and stable trading volume, they expect the price to consolidate in the short term.
In the May 13 report, they said that, in the last few weeks, Bitcoin has gone up quickly and it is likely to stay steady for a while before it reaches new highs.
Bitfinex believes that $98,000 is an important support level, and they expect Bitcoin to hit a new record by June.
Bitcoin Supply Shock Could Propel Prices Higher
Crypto Expert Aurelie Barthere from Nasen told Cointelegraph that the reduced U.S.-China tariffs and rising interest from big investors might lead to a supply shock.
This means that demand for Bitcoin might grow, while the amount available on exchanges keeps on shrinking. She said that this setup might push the Bitcoin price even higher.
Conclusion
Even with the global economic challenges, bitcoin prices have stayed strong, and more investors are getting involved. Factors such as Coinbase joining the S&P 509, lower inflation, and less Bitcoin available on exchanges have all contributed to a positive outlook.
Though the price might face some short-term hurdles, the overall trend shows signs of a big change ahead, which could lead to a higher price in upcoming months.
FAQs
1. What is the current Bitcoin price on Wednesday?
Bitcoin price on Wednesday, May 14, 2025, is $103,488.84
2. What price is expected for the additional Bitcoin surge?
Analysts expect Bitcoin to reach $105K in the upcoming days.
3. What is the reason behind analysts predicting a Bitcoin surge?
The surge in Bitcoin price is mainly due to institutional demand, positive inflation data, and Coinbase’s addition to the S&P 500 index.
4. How much did Coinbase’s stock price rise after joining the S&P 500?
Coinbase’s stock price jumped 24% following its unexpected addition to the S&P 500 index.
5. How did Donald Trump’s speech cause a Bitcoin surge?
Donald Trump’s speech boosted market optimism, helping drive the Bitcoin price up.
Glossary
S&P 500: A stock index of 500 top U.S. companies, showing market trends.
Institutional Demand: Large-scale buying of assets like Bitcoin by corporations and institutions.
Inflation Data: Stats that track price increases, affecting currency values.
Outflow: The transfer of Bitcoin or other assets from an exchange to private wallets.
Consolidation: When asset prices stay within a stable range, with little change.
Sources
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
Investing in cryptocurrencies carries risks, including the risk of significant losses. Always invest responsibly and within your means.
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