As of late Thursday morning, May 1, 2025, Bitcoin (BTC) is trading at $97,109, marking a significant rebound from its February low of $78,900. This resurgence reflects a 21% increase since February and a 28% rise from April’s bottom, highlighting Bitcoin’s transition from a speculative asset to a key component in institutional portfolios.
📊 Key Market Metrics
- Current Price: $97,109 as on May 1, 2025 at 11:38 a.m. ET
- 24-Hour Change: +3.58%
- Market Cap: $1.93 trillion
- 24-Hour Trading Volume: $31.19 billion
- Circulating Supply: 19.86 million BTC
- All-Time High: $109,356 (January 2025)
🚀 Factors Driving the Surge
1. Institutional Investments: Companies like Strategy (formerly MicroStrategy) have significantly increased their Bitcoin holdings. Strategy recently acquired an additional 15,355 bitcoins, bringing its total to 553,555 BTC at an average purchase price of $68,459.
2. ETF Inflows: U.S.-listed spot Bitcoin ETFs have seen substantial net inflows, with $2.68 billion added this week until Thursday, the largest since December.
3. Regulatory Developments: Financial institutions like Morgan Stanley and SoFi Technologies are expanding their crypto offerings, signaling increased mainstream adoption.
📈 Market Outlook
Analysts suggest that if Bitcoin maintains its momentum, it could test the $100,000 resistance level. However, failure to sustain support above $92,000 may lead to a retracement to the $89,000–$91,000 range.
🔍 What This Means for Investors
Bitcoin’s recent performance indicates a growing acceptance among institutional investors and its potential as a long-term investment.
While short-term volatility remains, the overall trend suggests a strengthening position for Bitcoin in the global financial landscape.
ADDITIONAL BITCOIN RESOURCES:
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