$BTC #Bitcoin (BTC)

$96,878.00

+$2,669.00(+2.83%)Today

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As of May 7, 2025, Bitcoin (BTC) is trading at approximately $96,854, marking a 2.2% increase over the past 24 hours. This rise is attributed to optimistic developments, including renewed U.S.-China trade talks and the Federal Reserve's $20 billion daily bond purchases, which have bolstered market sentiment .Coinspeaker

Institutional interest remains strong, exemplified by Japanese firm Metaplanet's recent acquisition of 555 BTC, bringing its total holdings to 5,555 BTC valued at over $536 million . Additionally, BlackRock's spot Bitcoin ETF (IBIT) has surpassed the SPDR Gold Trust in year-to-date inflows, reflecting growing institutional confidence in Bitcoin's long-term prospects .CoinDesk+2Blockchain News+2Blockchain News+2CoinDesk

Investors are closely watching the Federal Reserve's upcoming FOMC meeting, as Chair Jerome Powell's statements could influence Bitcoin's trajectory. A dovish tone may propel BTC toward the $100,000 mark, while a hawkish stance could trigger a pullback .The Crypto Times

Overall, Bitcoin's upward momentum is supported by favorable macroeconomic factors and sustained institutional investment.