$BTC
📈 Bitcoin Price Update – May 2, 2025
As of today, Bitcoin (BTC) is trading at approximately $96,989, reflecting a 0.84% increase over the past 24 hours. The cryptocurrency reached an intraday high of $97,360 and a low of $95,925. This marks a significant rebound from its April low of $79,000, representing a nearly 20% increase .
🔍 Market Highlights:
Institutional Investment: Major firms like BlackRock have made substantial investments in Bitcoin, with BlackRock purchasing $350 million worth of BTC recently .
ETF Inflows: Bitcoin ETFs continue to attract significant capital, with Invesco's Bitcoin ETF recording a daily inflow of $10.6 million on May 2, 2025 .
Market Sentiment: The Fear & Greed Index indicates a return to 'greed' territory, suggesting increased investor confidence .
📊 Technical Outlook:
Analysts predict that Bitcoin could reach $105,000 in the coming weeks, driven by continued institutional inflows and positive market sentiment .
💬 Community Sentiment:
The crypto community is optimistic, viewing the recent price surge as a potential indicator of a continued bull run. However, some caution that market volatility remains, and investors should stay informed.
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*Stay tuned for more updates on Bitcoin and the broader cryptocurrency market.*
