As of the end of April 2025, the price of Bitcoin (BTC) remains above $94,000, showing continued strong performance. Recent upward momentum is primarily driven by the following points:

1. Bitcoin ETF inflows have reached an all-time high, driving continued entry of mainstream institutional funds;

2. Government agencies in Arizona and other states are exploring the establishment of Bitcoin reserves, enhancing market confidence;

3. The Bitcoin halving effect combined with potential interest rate cuts in the U.S. further supports price increases.