$BTC Update – May 2, 2025

Bitcoin is trading around $97,526 today, up 0.71%, with highs touching $97,838. The surge comes amid strong institutional interest—MicroStrategy recently announced plans to raise $21 billion to buy more BTC. Bitcoin dominance now stands at a four-year high of 64.89%, reflecting renewed confidence. Analysts eye the $100K resistance, noting it could spark $3B in short liquidations. Yet, historical May patterns caution traders, with many following the “Sell in May” strategy. While momentum favors bulls, the coming days will test BTC’s ability to sustain gains or pull back in line with seasonal market behavior. Stay alert.