$BTC As of May 2, 2025, Bitcoin (BTC) is experiencing significant bullish momentum, approaching the $100,000 mark. This surge is driven by a confluence of institutional investment, favorable technical indicators, and macroeconomic factors
Market Overview
Bitcoin's price has recently surpassed $97,000, marking its highest level in over two months. This rally is attributed to
Institutional Investment: Notably, Strategy (formerly MicroStrategy), the largest corporate holder of Bitcoin, announced a $21 billion equity offering to fund further Bitcoin acquisitions. As of April 28, 2025, Strategy holds 553,555 BTC, valued at approximately $37.90 billion. Despite reporting a Q1 2025 loss of $4.2 billion, the company remains committed to its Bitcoin strategy
ETF Inflows: U.S. Bitcoin spot ETFs have recorded a total inflow of $1.13 billion, continuing a three-week streak of positive inflows
