$BTC Latest developments in Bitcoin (BTC) in the cryptocurrency market as of today, Friday, May 2, 2025
*Current Price and Technical Trends*
Bitcoin is currently trading between $96,350 and $97,180, approaching the psychological barrier of $100,000. This increase is driven by growing institutional demand, especially following reports of Morgan Stanley's intention to offer cryptocurrency trading services via the ETrade platform. Strategy (formerly known as MicroStrategy) has also announced a stock offering worth $21 billion to acquire more Bitcoin.
*Price Forecasts*
Short-term: Predictions indicate that Bitcoin could rise to between $112,000 and $122,000 by the end of May 2025, in a bullish scenario driven by institutional demand and easing monetary policies.
In the long term, forecasts for 2025 range between $120,000 and $200,000.
With expectations of the price reaching one million dollars by 2030, according to analyses from ARK Invest, driven by institutional adoption and increasing demand.
