Bitcoin Price Eyes $105K as Metaplanet Buys 1,241 BTC and BlackRock Warns on Risks
By: crypto news|2025/05/13 16:15:04
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Bitcoin is trading near $102,800, down slightly on the day but holding firm above key technical levels. The stability comes despite a fresh warning from BlackRock, which flagged quantum computing as a long-term risk to Bitcoin’s cryptographic security in its latest iShares Bitcoin ETF (IBIT) filing. The firm notes that future advancements in quantum technology could theoretically compromise digital asset security, though the risk remains distant.“While rare today, these disclosures are a prudent part of ETF documentation,” said analysts, adding they’re meant to prepare investors for evolving threats. This is the first time BlackRock has included quantum computing risks in its ETF literature, a move that reinforces the firm’s transparency.We have been waving the quantum threat flag for years, building the world’s first quantum-resistant, EVM-compatible hybrid blockchain while others dismissed the threat as distant sci-fi.Now, BlackRock has updated its Bitcoin ETF filing with a clear warning: quantum computing... pic.twitter.com/JajCJNlj7J— QANplatform (@QANplatform) May 12, 2025Despite the cautionary tone, markets responded with calm, viewing the disclosure as evidence that institutions are preparing for Bitcoin’s long-term future. IBIT currently holds $64 billion in assets, making it the largest spot BTC ETF on the market.Metaplanet Outpaces El Salvador in Bitcoin HoldingsJapan’s Metaplanet made headlines with a $126 million Bitcoin purchase, adding 1,241 BTC to its treasury. The firm now owns 6,796 BTC, overtaking El Salvador’s national reserve of 6,174 BTC. The average purchase price was $102,119 per coin.INSIGHT: @Metaplanet_JP HOLDS MORE BITCOIN THAN EL SALVADOR Metaplanet: 6,796 BTCEl Salvador: 6,174.18 BTC pic.twitter.com/WQkhhwxztG— Roxom TV (@RoxomTV) May 12, 2025Metaplanet aims to reach 10,000 BTC by the end of 2025, using a strategy similar to MicroStrategy’s high-conviction, long-term approach. With this move, Metaplanet becomes the largest public Bitcoin holder in Asia and the 11th-largest globally.Large-scale acquisitions like this tend to reinforce market confidence, offering price support and signaling growing institutional conviction in Bitcoin’s long-term value proposition.Technical Setup: Bitcoin Holds Trendline SupportBitcoin price prediction stays bullish as BTC’s action is showing technical resilience. The $100,772 level marks the 50% Fibonacci retracement from the recent $95,828–$105,716 rally. Combined with the upward trendline and 50-period EMA at $102,640, this area forms a strong base of support.Bitcoin Price Chart – Source: TradingviewEntry Zone: $102,400–$102,800Target 1: $103,382Target 2: $105,716Stop Loss: Below $100,700The MACD is flattening, suggesting selling pressure may be easing. If BTC holds above support, a breakout toward $105K remains on the table.BTC Bull Token Crosses $5.64M as 73% Staking Yield Draws InvestorsBTC Bull Token ($BTCBULL) is quickly gaining traction, recently surpassing $5.64 million in funds raised as it approaches its $6.69 million presale target. Priced at $0.00251 per token, BTCBULL has positioned itself as more than just another meme coin, offering real utility through flexible, high-yield staking that has captured investor interest.Flexible Staking Model Attracts Yield-Hungry InvestorsBTCBULL’s staking model is designed to appeal to those seeking high yields without sacrificing liquidity. Investors can currently earn an estimated 73% APY without the constraints of lockup periods or exit penalties, making it an attractive choice in a volatile market. This flexibility allows investors to remain agile, responding to market shifts without being locked into long-term commitments.Current Presale Stats:Funds Raised: $5,642,890.91 of $6,690,863Current Price: $0.00251 per BTCBULLTotal Staking Pool: 1,432,976,427 BTCBULLEstimated Yield: 73% annuallyBTCBULL stands out from typical meme tokens by offering real utility through its flexible staking platform. This approach has resonated with yield-focused investors, particularly as the 2025 crypto cycle heats up. With less than $1.05 million remaining before the next price hike, the presale window is closing fast, creating a sense of urgency among potential investors.The post Bitcoin Price Eyes $105K as Metaplanet Buys 1,241 BTC and BlackRock Warns on Risks appeared first on Cryptonews.
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