$BTC

On Thursday, April 24, 2025, Bitcoin (BTC) experienced notable fluctuations, opening trades near the $93,000 level, then dropping to around $92,410, reflecting a state of volatility in the markets.

Key Influencing Factors:

Rejection of the $94,000 resistance level: Bitcoin struggled to break through this psychological barrier, leading to a price decline after an attempted breakout.

Increased interest from major companies: The market saw growing entry from major companies, such as the Japanese company Metaplanet, which announced an additional purchase of 1.92 billion Japanese yen worth of Bitcoin, reflecting increasing confidence from institutions in the digital currency.

Calls for Bitcoin to be adopted as a national reserve: In Switzerland, cryptocurrency activists urged the Swiss National Bank to diversify its reserves by including Bitcoin, especially in light of the global economic instability caused by U.S. tariffs.

Outlook:

Despite the slight decline, Bitcoin still shows relative strength compared to traditional markets. Increasing institutional interest and calls for its adoption as a reserve asset enhance its status as a safe haven. However, investors are advised to exercise caution and monitor key technical levels, especially amid current volatility.