$BTC Bitcoin Nears $95K: Momentum Builds Amid Institutional Inflows and Strategic Reserves

As of April 29, 2025, Bitcoin (BTC) is trading at approximately $94,662.19, marking a 1.16% increase over the past 24 hours. The cryptocurrency is approaching a two-month high, with analysts suggesting that a breakout is in its early stages, indicating potential for continued upward momentum. ​

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Key Drivers Behind the Surge

Institutional Adoption: Bitcoin spot ETF inflows are experiencing parabolic growth, signaling renewed crypto market momentum. ​

Strategic Reserves: The U.S. government's establishment of a Strategic Bitcoin Reserve, funded by forfeited bitcoin, underscores a significant shift in national financial strategy. ​

Expert Predictions

Standard Chartered's head of digital assets research, Geoff Kendrick, predicts that Bitcoin is poised to hit a new all-time high of $120,000 in the second quarter of 2025, attributing the expected surge to factors like economic uncertainties and increased institutional interest. ​

Business Insider

Crypto industry commentator Dan Gambardello suggests that a Bitcoin setup for a major rally is unfolding, predicting a fast and surprising move toward a $200,000 target in 2025. ​