$BTC In early May 2025, Bitcoin was trading around $95,000, slightly below its January record (~$109K) after a pullback. Renewed institutional interest is notable: NYDIG finds that bitcoin-focused public companies have “dry powder” (issuance capacity) that could translate to tens of billions in new BTC buying. Morgan Stanley plans to add crypto trading to its E*Trade platform by 2026, highlighting growing Wall Street involvement. At the same time, U.S. regulators have eased crypto restrictions: in April 2025 federal agencies rescinded prior warnings to banks about crypto, signaling a more crypto-friendly stance. These factors have helped Bitcoin sustain its rally into mid-2025.