$BTC

As of April 29, 2025, Bitcoin is trading around $94,843, reflecting a modest daily gain of approximately 0.27%. The cryptocurrency briefly touched $95,533 earlier today but has since pulled back slightly, indicating a period of consolidation below the psychological $100,000 resistance level.

Analysts suggest that Bitcoin's current trajectory is supported by strong institutional interest, evidenced by significant inflows into Bitcoin ETFs and strategic acquisitions by major firms. Additionally, the supply of Bitcoin on exchanges has reached a seven-year low, implying that investors are increasingly moving their holdings to long-term storage, reducing immediate selling pressure. ​

While the market exhibits bullish signs, the upcoming macroeconomic data releases could play a pivotal role in determining Bitcoin's next move. Traders are advised to monitor these developments closely, as they may influence market sentiment and price direction in the near term.