$BTC #Bitcoin Live

As of May 8, 2025, the price of Bitcoin (BTC) is quoted at $97,233.26 on the Binance trading platform, having increased by 1.16% within 24 hours. Current market sentiment is positive, with trading volume reaching $30,829,649, indicating high investor participation. According to the chart, the price has recently rebounded from a low of $93,377.00, successfully breaking through the $97,000 barrier, showing a bullish trend in the short term. The moving averages (MA5: 2,205.21868, MA10: 2,943.21907) indicate an upward trend in short-term averages, supporting price increases. The volume has increased, further confirming market momentum.

In practice, Bitcoin has recently benefited from the continued entry of institutional investors, particularly driven by ETF products. On-chain data shows an increase in the number of holding addresses and a rise in the proportion of long-term holders, reflecting strong confidence. Global economic uncertainty has also led some investors to view Bitcoin as a safe-haven asset. At the same time, the market is paying attention to U.S. policy trends; if regulation becomes more favorable, it could further drive up prices. Conversely, strict regulations may bring pressure.

Overall, Bitcoin is currently in a critical rising phase, and it is recommended to closely monitor volume and policy news. Investors may consider entering the market in batches to control risk and respond to potential volatility.