$BTC
---
Bitcoin Update – April 29, 2025
Bitcoin ($BTC) is currently trading around $63,200, showing resilience despite recent macroeconomic uncertainty. After last week’s slight dip following the U.S. GDP and inflation data, BTC has recovered some ground as investor sentiment stabilizes. The recent halving event earlier this month continues to fuel long-term bullish expectations, with miners adjusting to the new reward structure.
On-chain data shows increased wallet accumulation among long-term holders, suggesting growing confidence. Meanwhile, institutional interest remains strong, with several major firms increasing exposure through ETFs and custody services.
Technically, Bitcoin is holding above the 50-day moving average, signaling potential upward momentum if it can break resistance near $65K. However, short-term volatility remains likely due to upcoming Fed rate decision and macroeconomic reports.
Stay tuned—BTC’s next major move could be just around the corner. Always DYOR and manage your risk!
#Bitcoin #BTC #CryptoNews #CryptoUpdate #Blockchain
---
