Stock market information for Bitcoin (BTC)
Bitcoin is a crypto in the CRYPTO market.
The price is 94602.0 USD currently with a change of 879.00 USD (0.01%) from the previous close.
The intraday high is 95533.0 USD and the intraday low is 93580.0 USD.
As of April 29, 2025, Bitcoin (BTC) is trading just under $95,000, reflecting a 1.5% increase over the past 24 hours and a 10% gain for the week. The current price stands at $94,758, with technical indicators suggesting a continuation of the bullish trend within a rising channel. (Bitcoin Stalls Below $95000: Technical Analysis Shows ... - FXLeaders, Bitcoin Forecast and Analysis for April 29, 2025 - FOREX24.PRO)
Despite this upward momentum, Bitcoin faces resistance at the $100,000 level. Analysts anticipate a potential "golden cross" in the coming weeks, which could further bolster bullish sentiment. (Bitcoin Stalls Below $95000: Technical Analysis Shows ... - FXLeaders, Bitcoin (BTC) Golden Cross to Happen in Next Few Weeks, Ethereum (ETH): Bull Run Not Happening? Dogecoin (DOGE) Aims at $0.20, But There's a Catch)
Institutional interest remains a driving force, with Standard Chartered projecting Bitcoin to reach an all-time high of $120,000 this quarter and $200,000 by year-end. However, ETF flows have shown mixed signals; Fidelity's Bitcoin ETF experienced a net outflow of $86.9 million on April 29, while Invesco reported zero net inflow, indicating a cautious stance among some institutional investors. (Bitcoin on Track for Record Price This Quarter as Investors ... - Decrypt, Bitcoin ETF Daily Outflow: Fidelity Records $86.9 Million Net Withdrawal – Trading Insights and Market Impact)
On the regulatory front, the U.S. has established a Strategic Bitcoin Reserve, holding approximately 200,000 BTC, and Arizona has passed legislation allowing up to 10% of state funds to be invested in Bitcoin. (Arizona Passes Landmark Bitcoin Reserve Bill: Up to 10% of State Funds Eligible for BTC Investment)
In summary, Bitcoin is exhibiting strong performance with supportive technical indicators and growing institutional interest, though it faces significant resistance at the $100,000 mark. (Bitcoin Stalls Below $95000: Technical Analysis Shows ... - FXLeaders)