As of April 28, 2025, Bitcoin (BTC) is trading around $93,784, reflecting a 1.68% increase over the past 24 hours. This uptick brings its market capitalization to approximately $1.89 trillion .
This recent momentum is attributed to several factors. Notably, a significant acquisition by Strategy, which added 15,355 BTC worth $1.4 billion, has bolstered market confidence . Additionally, Bitcoin's growing correlation with gold, now at 0.70, indicates its strengthening position as a 'digital gold' and a hedge against economic uncertainties .
Looking ahead, forecasts suggest a bullish trajectory for Bitcoin. Standard Chartered projects BTC could reach $120,000 in Q2 2025, citing macroeconomic factors and increased institutional interest . Further, models like the Bitcoin 'power law' anticipate potential highs of $200,000 by the end of the year, driven by network growth and market dynamics .
While these projections are optimistic, it's essential to consider market volatility and conduct thorough research before making investment decisions.
