$BTC Bitcoin (BTC) Approaches $95K Amid Institutional Inflows and Market Optimism – April 29, 2025

Bitcoin (BTC) is currently trading at approximately $95,129, reflecting a slight decrease of 0.001% from the previous close. The cryptocurrency has experienced an intraday high of $95,533 and a low of $93,580.

Key Factors Influencing BTC’s Performance:

• Institutional Investment: Spot Bitcoin ETFs have recorded significant inflows, with a net addition of approximately $591 million on Monday, marking seven consecutive days of positive inflows. 

• Macroeconomic Developments: President Trump’s recent 100-day speech and policy announcements have contributed to market optimism, with investors moving over $4 billion in Bitcoin off exchanges in anticipation of favorable regulatory changes. 

• Technical Indicators: Analysts suggest that Bitcoin’s current consolidation pattern resembles the 2017 breakout, indicating potential for significant upward movement if key resistance levels are surpassed. 

Market Outlook:

Standard Chartered’s head of digital assets research, Geoff Kendrick, predicts that Bitcoin could reach a new all-time high of $120,000 in the second quarter of 2025, driven by economic uncertainties and growing institutional interest. 

Note: Cryptocurrency investments carry inherent risks. Investors should conduct thorough research and consider their risk tolerance before making investment decisions.

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