Latest News about Bitcoin (as of May 6, 2025)
Current Bitcoin Price:
Current price: around $94,803
Daily change: down 0.1%
Intraday high: $95,118
Intraday low: $93,587
Factors Influencing:
1. The Fed's Decision: The market is waiting for the results of the FOMC meeting. While interest rates are expected to remain unchanged, statements from Fed Chair Jerome Powell could signal the direction of future policy.
2. Institutional Interest: Strategy (formerly MicroStrategy) plans to buy more BTC through a stock offering. Morgan Stanley is also reported to be launching crypto trading services.
3. Price Increase Predictions: According to NYDIG, if large companies buy more Bitcoin, the price could rise to $42,000.
Technical Analysis:
Bitcoin has emerged from the previous downtrend pattern.
Important resistance levels: $100,000 and $107,000.
Important support levels: $92,000 and $85,000.
Positive RSI indicator, but trading volume remains low.
Bitcoin's market dominance is increasing.
Global Adoption and Regulation:
The “Bitcoin for Corporations” conference is ongoing, highlighting corporate interest in BTC.
In the UK, the government is tightening crypto regulations through new legislation to boost investor confidence.