$BTC

As of May 7, 2025, Bitcoin (BTC) is trading at approximately $97,008 on Binance, reflecting a 3.43% increase over the past 24 hours. The 24-hour trading volume stands at $33.56 billion, with a market capitalization of $1.93 trillion. The day's price range spans from a low of $93,399.86 to a high of $97,625.81.

Technical indicators present a mixed outlook: the MACD suggests potential short-term bearishness, while the weekly chart hints at a possible bullish crossover. Former Binance CEO Changpeng Zhao has expressed optimism, predicting that Bitcoin could reach between $500,000 and $1 million in the current market cycle, citing increased institutional adoption and favorable government policies.

Traders should remain vigilant, especially with upcoming macroeconomic events like the Federal Reserve's interest rate decision, which could introduce further volatility into the market.