$BTC As of May 7, 2025, Bitcoin (BTC) has surged to $96,210, marking a strong upward breakout after weeks of consolidation. The rally is fueled by a combination of institutional inflows, spot Bitcoin ETF demand, and growing adoption as a hedge against global currency devaluation. With the 2024 halving’s supply shock now fully priced in, reduced miner sell pressure and sustained buying from long-term holders are driving scarcity dynamics. However, the market remains cautious as regulatory developments, particularly in the U.S. and EU, could introduce short-term volatility. Technical indicators suggest BTC is testing key resistance levels, with traders eyeing the psychological $100,000 milestone. Meanwhile, Bitcoin’s dominance continues to rise as altcoins lag, reinforcing its status as the crypto market’s leading asset.