Bitcoin remained steady around the $95,000 mark on Monday, maintaining strength after last week's rally. The latest momentum is fueled by major institutional purchases and growing hopes around favorable crypto regulations in the U.S.

Market confidence got a boost as one prominent institutional firm announced another large Bitcoin acquisition, bringing its total holdings to over 553,000 BTC. The continued accumulation is seen as a strong vote of confidence in long-term value, especially amid growing macroeconomic uncertainties.

Additionally, investor sentiment improved after recent statements by U.S. officials suggested a more accommodating stance toward digital assets. The crypto sector is now hoping for a more structured and supportive policy environment in the coming months.

Latest Market Update

Bitcoin was last trading at $94,350, holding firm despite some intraday volatility. Analysts now expect a potential push above the $100,000 psychological level if momentum continues and buying pressure remains consistent.

Major BTC Purchase Revealed

A major corporate buyer disclosed the acquisition of over 15,000 BTC between April 21 and April 27, valued at around $1.4 billion. This takes its total Bitcoin position past 553,500 BTC — solidifying its status as the largest known corporate holder of the asset. The company utilized a combination of equity and debt instruments for the purchase, a strategy it has employed consistently throughout its accumulation.

Regulatory Winds Shift

Optimism also stems from recent government commentary indicating a possible shift in U.S. crypto policy. A high-ranking official mentioned efforts to reclassify crypto as a commodity and promote a more innovation-friendly framework. Market participants are hopeful this signals a broader regulatory thaw.

Altcoin Snapshot

While Bitcoin continues to command attention, broader crypto markets were mixed:

Ethereum traded slightly lower at $3,795

One major meme token dropped over 6% after short-term holders booked profits

XRP saw a 2.2% decline

Cardano and Solana slipped about 2%

each

Dogecoin dropped 0.7%

$BTC

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