As of May 6, 2025, Bitcoin (BTC) is trading at approximately $94,343 USD, reflecting a slight decline of 0.35% over the past 24 hours. The day’s trading range has seen lows around $93,702 and highs near $95,118. Bitcoin’s market capitalization stands at approximately $1.87 trillion, with a 24-hour trading volume of about $23.27 billion.  
The recent dip in Bitcoin’s price is attributed to market caution ahead of the U.S. Federal Reserve’s upcoming interest rate decision. Investors are closely monitoring the Fed’s stance, as a dovish approach could potentially spur a rally in the crypto market. 
Earlier this year, Bitcoin reached an all-time high of approximately $109,114.88, making the current price about 13.5% below that peak.