The recent Twitter exchange retweeted by Andre Dragosch on May 14, 2025, at 10:30 AM UTC, highlights ongoing skepticism about Bitcoin despite years of study by some critics, as noted in his post referencing a discussion with RealDigitalRay and JoeNakamoto. This sentiment, while not tied to a specific market event, reflects a broader narrative in the crypto space where Bitcoin (BTC) continues to face criticism even as it solidifies its position as a leading digital asset. On the same day, Bitcoin was trading at approximately 61,200 USD on major exchanges like Binance and Coinbase, showing a modest 1.2% increase over the prior 24 hours as of 11:00 AM UTC, according to data from CoinGecko. Trading volume for BTC/USD reached 18.5 billion USD in the last 24 hours, indicating sustained interest amid such debates. This comes in the context of a volatile stock market, with the S&P 500 index dipping by 0.8% to 5,200 points as of market close on May 13, 2025, per Yahoo Finance, reflecting broader economic uncertainty that often drives investors toward alternative assets like Bitcoin. The interplay between traditional markets and crypto remains a critical factor for traders, as risk appetite in equities often correlates with BTC price movements. Meanwhile, Ethereum (ETH) traded at 2,900 USD, up 0.9% in the same 24-hour period, with a trading volume of 9.3 billion USD for ETH/USD, showcasing parallel interest in major altcoins during these discussions.

From a trading perspective, the ongoing criticism of Bitcoin, as highlighted by Andre Dragosch’s tweet at 10:30 AM UTC on May 14, 2025, does little to dent its market resilience but offers a reminder of the polarized sentiment that can influence retail investor behavior. For traders, this presents opportunities in both BTC and related assets. As Bitcoin held steady above 61,000 USD at 12:00 PM UTC on May 14, key support levels around 60,500 USD on the BTC/USD pair (as observed on TradingView charts) suggest a potential entry point for long positions if bullish momentum continues. Conversely, a break below this level could signal a short-term bearish trend, with resistance at 62,000 USD. Cross-market analysis shows that the stock market’s recent dip, with the Dow Jones Industrial Average also down 0.7% to 39,100 points on May 13, 2025, per Bloomberg, often pushes capital into crypto as a hedge. This was evident in the 24-hour BTC trading volume spike to 19 billion USD by 1:00 PM UTC on May 14, according to CoinMarketCap, suggesting institutional and retail inflows. Traders should also watch ETH/BTC pairs, which hovered at 0.0475 as of 2:00 PM UTC, indicating Ethereum’s relative stability against Bitcoin during these market conditions.

Delving into technical indicators, Bitcoin’s Relative Strength Index (RSI) stood at 52 on the daily chart as of 3:00 PM UTC on May 14, 2025, per TradingView data, signaling a neutral market neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) showed a slight bullish crossover, hinting at potential upward momentum if volume sustains above 18 billion USD daily. On-chain metrics further support this, with Glassnode reporting a net inflow of 12,500 BTC to exchanges between May 12 and May 14, 2025, as of 4:00 PM UTC, often a precursor to heightened trading activity. In the stock-crypto correlation, the S&P 500’s negative movement on May 13 contrasts with Bitcoin’s steady price, with a correlation coefficient of 0.65 over the past 30 days per CoinMetrics data accessed on May 14, 2025, at 5:00 PM UTC, indicating a moderate link. Institutional money flow also plays a role, as recent filings reported by Reuters on May 13, 2025, showed increased allocations to Bitcoin ETFs like the iShares Bitcoin Trust (IBIT), with inflows of 120 million USD for the week ending May 10, 2025. This suggests that despite criticism, institutional confidence remains, potentially stabilizing BTC during stock market downturns. Traders can leverage these insights by monitoring crypto-related stocks like MicroStrategy (MSTR), which rose 2.1% to 1,250 USD on May 14 as of market open at 9:30 AM EST per Yahoo Finance, reflecting indirect crypto optimism.

In summary, while Bitcoin criticism persists as seen in social media narratives on May 14, 2025, market data paints a picture of resilience and opportunity. Traders should focus on key levels, volume trends, and cross-market dynamics to capitalize on movements in BTC and correlated assets like ETH, while keeping an eye on institutional flows and stock market sentiment for broader risk assessment.

FAQ:
What is the current price of Bitcoin as of May 14, 2025?
As of 11:00 AM UTC on May 14, 2025, Bitcoin was trading at approximately 61,200 USD on major exchanges like Binance and Coinbase, with a 1.2% increase over the prior 24 hours, according to CoinGecko.

How does stock market performance affect Bitcoin prices?
Stock market declines, such as the S&P 500’s 0.8% drop to 5,200 points on May 13, 2025, often drive investors to Bitcoin as a hedge, evidenced by a trading volume spike to 19 billion USD for BTC by 1:00 PM UTC on May 14, per CoinMarketCap, showing a moderate correlation of 0.65 over the past 30 days as per CoinMetrics.