On April 21, 2025, the price of Bitcoin (BTC) records $87,404, with a market cap of $1.74 trillion and a circulating supply approaching 19.85 million units. This performance is part of a volatile trajectory experienced by the world's leading cryptocurrency, driven by intertwined technical, economic, and political factors.

Market Influencing Factors

1. Government Policies and Institutional Investment:

The first quarter of 2025 saw a historic rise in Bitcoin to $109,464 with Donald Trump assuming the U.S. presidency, supported by positive regulatory expectations and widespread institutional adoption. However, prices later fell by 25% due to concerns over protectionist policies and rising tariffs, revealing Bitcoin's sensitivity to macroeconomic changes.

2. Technological Developments and Global Adoption:

Technical improvements such as the "Lightning Network" contribute to increased transaction efficiency, while countries like El Salvador and the United States promote the use of Bitcoin as a means of payment, enhancing demand.