🟡 As of May 7, 2025: What is happening with Bitcoin?
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📈 Current BTC price
As of Wednesday evening, May 7, 2025, Bitcoin is trading in the range of $96,800–$97,500. In the last 24 hours, the price has increased by over 3%, and the market is approaching the psychological mark of $100,000.
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🧭 What influences the market?
• Expectations for the US Fed decision: Today, investors are focused on the Federal Reserve's decision regarding interest rates. This decision is expected to impact BTC volatility.
• Optimism regarding US-China trade negotiations: Positive news about potential tariff reductions between the US and China is contributing to the rise of risk assets, including cryptocurrencies.
• Institutional investments: The company Metaplanet has acquired an additional 555 BTC, increasing its total assets to 5,555 BTC.
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🔮 Forecasts and expectations
• Short-term goals: Traders are expecting a breakthrough at the $100,000 level. However, some analysts warn of the possibility of a 'double top' formation, which could lead to a correction.
• Long-term forecasts: Binance founder Changpeng Zhao believes BTC could reach $500,000 or even $1,000,000 in the current market cycle.
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🧠 Tips for traders
• Follow the Fed news: The interest rate decision could significantly impact the market.
• Use risk management tools: Set stop-losses and take-profits to protect your investments.
• Analyze the market: Pay attention to trading volumes and the behavior of large players.
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📊 Current metrics
• BTC price: ~$96,800
• Market capitalization: ~$1.92 trillion
• Trading volume (24 hours): ~$45 billion
• Circulating supply: ~19.86 million BTC
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📌 Conclusion
Bitcoin is showing positive dynamics, approaching the key level of $100,000. However, investors should be cautious and closely monitor macroeconomic events that may affect the market.
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