#SaylorBTCPurchase Latest Developments of Bitcoin (BTC) in the Cryptocurrency Market until today, Friday, 2 May 2025
*Current Price and Technical Trends*
Bitcoin is currently trading between $96,350 and $97,180, approaching the psychological barrier of $100,000. This rise is driven by increasing institutional demand, especially after reports of Morgan Stanley's intention to offer cryptocurrency trading services via the ETrade platform. Strategy (formerly known as MicroStrategy) also announced a stock offering worth $21 billion to purchase more Bitcoin.
*Price Predictions*
In the short term: Predictions indicate 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 the year 2025 range between $120,000 and $200,000,
with expectations of the price reaching $1 million by 2030, according to ARK Invest analyses, driven by institutional adoption and increased demand.
