$BTC As of May 7, 2025, Bitcoin (BTC) is tra

ding at approximately $95,058 USD, reflecting a modest increase of 0.65% over the past 24 hours.

📉 Market Overview

Bitcoin's price has recently dipped below $94,000 amid economic uncertainties and anticipation of the U.S. Federal Reserve's upcoming interest rate decision. This movement is part of a broader trend where investors are cautious due to potential economic shifts .

Despite this, institutional interest remains strong. Notably, Strategy acquired an additional 1,895 BTC, valued at approximately $180.3 million, signaling continued confidence in Bitcoin's long-term prospects .

🔮 Future Outlook

Analysts are optimistic about Bitcoin's trajectory. Raoul Pal, a macro investor, suggests that Bitcoin could reach $450,000 in a liquidity-driven supercycle . Similarly, Binance's founder, Changpeng Zhao, envisions a potential surge to $1 million during this cycle .

On-chain data indicates that 88% of Bitcoin's supply is currently in profit, suggesting that many investors are holding onto their assets in anticipation of further gains .

🏛️ Regulatory Developments

In a significant move, New Hampshire has become the first U.S. state to sign a Bitcoin reserve bill into law, allowing the state to hold Bitcoin as part of its reserves . This development reflects growing institutional acceptance of Bitcoin.

Conversely, political dynamics are influencing crypto legislation at the federal level. Democrats are expressing resistance to crypto-related legislation associated with the Trump administration, particularly concerning stablecoin regulations .

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Overall, while Bitcoin faces short-term volatility due to economic factors, institutional adoption and positive long-term forecasts suggest a resilient outlook.