Twenty One Capital Acquires 4,812 BTC Worth $458.7 Million
Tether-backed investment firm Twenty One Capital acquired 4,812 BTC for approximately $458.7 million as part of a private investment in public equity (PIPE) deal linked to its SPAC merger with Cantor Equity Partners. This brings their total Bitcoin holdings to 36,312 BTC, with 31,500 BTC held in custody by Cantor.
Bitcoin recently reached $105,000, nearing its previous peak of $109,114. Favorable market conditions are reflected in lower inflation figures and an increase in retail purchases, up 3.4% from late April to mid-May. Analysts suggest this retail activity may drive sustained growth across bullish metrics.
Bitcoin (BTC) Price Outlook
As of May 14, Bitcoin trades around $104,000, reflecting a 7.5% increase over the last 24 hours. The Relative Strength Index (RSI) is at 69.42, indicating bullish momentum but potential for a minor correction. A break above $106,500 could signal further bullish trends.
Bollinger Bands indicate overbought conditions, with possible consolidation or a price drop to support at $89,900 if the mid-band near $98,200 is tested.