Bitcoin opened above $94,600 on April 29, 2025, with a 1.16% price increase over 24 hours. The market cap surged to $1.87 trillion, fueled by growing institutional demand, Bitcoin ETFs, and favorable U.S. policy.
Key Highlights:
Institutional Boost: Bitcoin ETFs are increasing institutional interest, with Arizona considering Bitcoin treasury investments.
Bullish Outlook: Experts believe Bitcoin could reach $100,000 soon, with upcoming macroeconomic data (PCE, ISM, jobs reports) possibly driving momentum.
Technical Indicators: Bitcoin is trading above its 50-day and 200-day moving averages, supporting a bullish technical outlook.
Bitcoin Options: Call options for $95,000 strikes in April and May reflect a strong risk appetite.
Expert Predictions:
Standard Chartered forecasts Bitcoin could hit $120,000 by Q2 2025 and $200,000 by the end of the year.
Cathie Wood’s Ark Invest sees Bitcoin reaching $2.4 million by 2030.
Citigroup expects stablecoin adoption to drive blockchain tech in 2025.
Ethereum and other altcoins like XRP are also showing strength, with Ethereum potentially heading toward $2,000
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