$BTC
latest update on Bitcoin (BTC) as of May 3, 2025:
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### 📈 Latest Price
Bitcoin is currently trading in the range of **\$96,175**, with a daily high of **\$97,838**. Despite a slight decrease of **0.74%**, BTC remains in a strong upward trend. ([Binance][1])
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### 🔍 Key Factors Influencing Price
* **Strong ETF Inflows**: Bitcoin is approaching the \$97,000 level, driven by strong institutional demand and a net inflow of over \$3.6 billion into US-listed spot Bitcoin ETFs. ([Binance][1])
* **Analyst Predictions**: Some analysts predict that Bitcoin could reach **\$135,000 in the next 100 days**, based on technical indicators suggesting potential new record highs. ([Binance][2])
* **Technical Support**: Bitcoin has broken through key resistance levels, indicating renewed bullish momentum. ([Blockchain News][3])
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### 🌍 Global Developments
* **El Salvador Adds Bitcoin Reserves**: The country has added another Bitcoin to its national reserves, demonstrating ongoing commitment to this digital asset. ([Blockchain News][4])
* **US Strategic Bitcoin Reserves**: President Donald Trump signed an executive order to establish Strategic Bitcoin Reserves, making Bitcoin a national reserve asset. ([Wikipedia][5])
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### 📊 Market Indicators
* **CryptoQuant Bull Score Index**: This index surged to 80, indicating very bullish market sentiment towards Bitcoin. ([Blockchain News][6])
* **Trading Volume**: Spot trading volume on major exchanges like Binance and Coinbase increased by 22% this week, reflecting high interest from investors. ([Blockchain News][7])
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