Bitcoin ($BTC ) Latest Update – April 24, 2025

Bitcoin ($BTC ) is currently trading around $92,504, slightly down from a seven-week high of $94,696. This recent surge is largely fueled by institutional investors, including sovereign wealth funds, rather than retail ETF flows. Japanese firm Metaplanet Inc. now holds over 5,000 BTC and plans to double its holdings. Twenty One Capital, backed by Tether and SoftBank, is launching with 42,000 BTC in assets.

Long-term holders are continuing to accumulate BTC, absorbing more supply than short-term sellers. However, analysts note strong resistance at $95,000, suggesting caution as a pullback could occur.