$BTC

As of May 3, 2025, Bitcoin (BTC) is trading around $96,100, maintaining a strong position near its all-time high of $109,000. The cryptocurrency has experienced a significant surge, with a 63.8% increase from the same time last year. CoinDCX+5Finance Magnates+5Finger Lakes 1+5Finger Lakes 1

This bullish momentum is largely driven by increased institutional adoption, including the approval of Bitcoin Exchange-Traded Funds (ETFs) 15 months ago, which has facilitated greater investment from major financial institutions. Additionally, on-chain analytics indicate a shift towards long-term holding, with significant accumulation by large holders, suggesting confidence in Bitcoin’s long-term value. Finger Lakes 1+1Axios+1

Analysts project that Bitcoin could reach between $120,000 and $200,000 by the end of 2025, fueled by institutional demand and macroeconomic factors. However, some caution that historical trends, such as the "Sell in May and go away" adage, could lead to short-term volatility. Finger Lakes 1+1CryptoRank+1CoinDesk

Overall, Bitcoin's current trajectory reflects growing trust and adoption, positioning it as a prominent asset in the financial landscape.