$BTC As of today, April 29, 2025, Bitcoin (BTC) is trading around $94,600, showing some recovery after recent volatility. Its market capitalization remains substantial, at approximately $1.88 trillion, solidifying its position as the leading cryptocurrency.

Analysts are currently observing a period of consolidation, with some predicting potential downward movement before a more significant trend emerges. However, others remain optimistic, pointing to historical patterns after halvings and increasing institutional interest as potential catalysts for future price appreciation, with some targets around $124,000 being discussed.

The recent halving event in April 2024 reduced the block reward to 3.125 BTC, further impacting the supply rate of new coins. This supply reduction is a key element in Bitcoin's long-term value proposition as a decentralized digital asset with a finite supply.