$BTC

As of April 29, 2025, Bitcoin is trading near $95,000, marking a significant increase from $62,955 on the same date in 2024—a 50.9% year-over-year gain. This surge is attributed to substantial institutional investments, notably BlackRock's IBIT ETF, which has attracted $970 million in inflows, propelling BTC above $95,500. Analysts observe that Bitcoin's current price patterns mirror those of previous bull cycles, suggesting potential for continued upward momentum. Despite a recent dip below the 2025 yearly open, the weekly close defended this level, indicating a critical support zone around $93.5K. The market capitalization has grown by 1%, and experts remain bullish on the outlook. However, some caution that the market is in a 'critical zone,' and sustained momentum is not guaranteed. Overall, Bitcoin's performance reflects a strong uptrend, driven by institutional adoption and positive market sentiment.