$BTC Bitcoin (BTC) Market Update (as of Tuesday, April 29, 2025, around 12:20 PM BST):

**Price:** Bitcoin is currently trading around **$94,700 - $94,800**, showing a slight positive movement over the last 24 hours (around +0.5% to +1%).

**Market Sentiment:** Overall sentiment appears cautiously **bullish**. Several analysts predict further upward movement, with some eyeing the **$100,000** mark and even higher targets for the coming weeks or months, citing strong institutional inflows into US Spot Bitcoin ETFs and accumulation by major holders.

**Key Trends & News:**

* **Institutional Inflows:** Last week saw significant inflows into Bitcoin investment products, reversing previous negative trends.

* **Coinbase Yield Fund:** планирует запуск Bitcoin Yield Fund for institutional investors on May 1st.

* **Analyst Predictions:** Standard Chartered forecasts Bitcoin potentially reaching **$120,000** in Q2 2025.

* **Technical Analysis:** Some analysts point to bullish technical patterns suggesting potential breakouts towards **$97,000 - $106,000**. Support levels are noted around **$93,000**.

* **XRP Futures ETFs:** The upcoming launch of XRP futures ETFs in the US is also contributing to overall positive market sentiment.

**Market Cap & Volume:** Bitcoin's market capitalization remains around **$1.88 trillion**. 24-hour trading volume is in the range of **$20 - $32 billion**, indicating moderate activity.

**Overall:** The Bitcoin market shows positive momentum, supported by institutional interest and optimistic price predictions. Traders are watching key resistance levels for potential breakouts.