$BTC :Bitcoin Price Update – May 2025

Bitcoin has recently experienced a slight price drop, currently trading around $94,219, reflecting a 0.1% decrease over the last 24 hours. This minor dip comes amid market uncertainty surrounding the U.S. Federal Reserve’s upcoming interest rate decision.

Despite the short-term decline, experts believe this is a healthy correction following Bitcoin’s sharp rally in late April. Profit-taking near the $95,000 level has increased, which could cause further short-term volatility.

Interestingly, Binance co-founder Changpeng Zhao has predicted that Bitcoin could reach $500,000 to $1,000,000 during this market cycle—driven by institutional adoption and growing trust in crypto. Some analysts also link Bitcoin’s future with gold, suggesting that if gold hits $5,000, Bitcoin may surge to $155,000 or more.

On the national front, Pakistan has announced plans to use its surplus electricity for Bitcoin mining, indicating a progressive shift toward embracing blockchain technology and digital assets.

Stay tuned as the crypto world continues to evolve!

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