Bitcoin (BTC) Price and Market Update as of Friday, May 2, 2025 at approximately 12:00 PM in Bangladesh:
Current Price:
* The live price of Bitcoin is around $97,050 - $97,225 USD. Prices can vary slightly across different exchanges.
* In British Pounds (GBP), the price is approximately £72,020 - £72,806.
Price Change:
* Last 24 Hours: Bitcoin has seen a positive change, with increases ranging from +0.19% to +2.3%.
* Last 1 Hour: The price has changed by approximately +0.15%.
* Last 7 Days: Bitcoin has increased by around +2.67% to +4.43%.
* Last 30 Days: There has been a significant increase of around +14.03% to +16.91%.
Market Capitalization:
* Bitcoin's current market capitalization is approximately $1.92 - $1.93 Trillion USD.
Trading Volume:
* The 24-hour trading volume for Bitcoin is around $28.86 Billion to $32.48 Billion USD.
Circulating and Total Supply:
* The circulating supply of Bitcoin is approximately 19.86 Million BTC, which is about 94.57% of the total maximum supply.
* The maximum total supply of Bitcoin is 21 Million BTC.
Key Levels and Trends:
* 24-Hour High: Around $97,225 - $97,437 USD.
* 24-Hour Low: Around $94,705 - $96,245 USD.
* All-Time High: Bitcoin reached an all-time high of approximately $109,110 - $109,356 USD in the past (around November 2024 according to one source).
* Technical Analysis: Short-term technical analysis suggests a bullish trend with increasing optimism among investors. Bitcoin has broken through some resistance levels, indicating a potential for further rise. The Relative Strength Index (RSI) is above 70, suggesting strong positive momentum, although high RSI can sometimes indicate an overbought condition.
Market Sentiment and News:
* The Fear & Greed Index is currently at 56, indicating slight greed among investors.
* Recent news suggests that MicroStrategy plans to significantly increase its Bitcoin investment.
* Analysts predict that Bitcoin is poised to challenge previous record highs, with some setting price targets around $103,000 - $120,000, viewing short-term pullbacks as buying opportunities.
* Strong institutional inflows and growing investor confidence are cited as drivers for the recent gains.
Overall:
The Bitcoin market is currently showing positive momentum with increasing prices and strong investor interest. Technical indicators suggest a continuation of this bullish trend in the short term. News of institutional investment and analyst predictions of further price increases are contributing to the positive sentiment. However, as with any cryptocurrency, volatility remains a factor to consider.
