Key Highlights

• Bitcoin traded near $80,900 while the total crypto market cap held at $2.68 trillion with 24-hour volume at $87.45 billion.
• Bitcoin ETFs recorded $233.2 million in net outflows on May 12, the largest single-day redemption since early May, led by Fidelity’s FBTC and Ark’s ARKB.
• President Trump landed in China with Elon Musk, Jensen Huang, Tim Cook and Larry Fink for a high-stakes summit with Xi Jinping covering tariffs, semiconductors and the Middle East.