$BTC Bitcoin (BTC) is trading at approximately $96,679 today, marking a 1.75% increase from the previous close. The cryptocurrency reached an intraday high of $97,360 and a low of $94,959.

This upward movement is fueled by significant institutional investments. Notably, BlackRock has invested $350 million in Bitcoin, and Strategy has announced a $42 billion capital plan to expand its Bitcoin holdings. Additionally, Bitcoin ETFs saw a net inflow of $422.5 million on May 1, 2025, indicating strong market confidence.

With these developments, Bitcoin is edging closer to the $100,000 mark, reflecting growing bullish sentiment in the market.