As of May 3, 2025, Bitcoin (BTC) is trading at approximately $96,485, reflecting a slight decrease of 1.29% from the previous close.
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๐ Market Momentum & Institutional Moves
Bitcoin has surged nearly 30% from its April lows, nearing the $100,000 mark. This rally is fueled by:
Institutional Investments: Morgan Stanley is reportedly introducing spot crypto trading on its E*Trade platform, signaling increased institutional adoption.
Corporate Acquisitions: Strategy (formerly MicroStrategy) announced a $21 billion equity offering to acquire more Bitcoin, despite reporting a $4.22 billion Q1 loss due to unrealized crypto losses.
Major Deals: Binance and Abu Dhabi-based MGX finalized a $2 billion investment using the Trump-backed USD
