As of May 1, 2025, Bitcoin (BTC) is trading at $96,918, reflecting a daily gain of approximately 3.15%. This surge marks a significant rebound from its April low of $75,000, positioning BTC at its highest level since the February correction.

The rally is attributed to increased institutional interest and positive market sentiment. Notably, Bitcoin's price surpassed $96,000 for the first time since the earlier downturn, signaling renewed investor confidence.

Analysts suggest that this upward momentum could continue, with some forecasting potential targets around $97,000 in the near term.