š Price Overview (April 27ā29, 2025)
April 27: BTC closed at approximately $94,644, maintaining stability amid market fluctuations.
April 29: BTC rebounded, closing near $95,031, with intraday highs approaching $95,459, marking its highest level in over two months.
š¦ Institutional Inflows & Market Drivers
Major Acquisition: On April 28, Strategy acquired 15,355 BTC for approximately $1.42 billion, increasing its total holdings to over 553,000 BTC.
ETF Inflows: U.S. spot Bitcoin ETFs recorded net inflows of $591.3 million on April 28, with BlackRock's IBIT leading at $970.9 million, underscoring growing institutional interest.
Bitcoin Magazine
š® Analyst Outlook
Standard Chartered's Geoff Kendrick forecasts BTC reaching $120,000 in Q2 2025, citing factors like economic uncertainties and increasing institutional adoption.
In summary, Bitcoin's recent performance reflects strong institutional support and a positive market outlook, positioning it favorably for potential future gains.