#BinanceHODLerSTO #BTCRebound #BinanceAlphaAlert #BinanceAlphaAlert #StrategicBTCReserve $BTC
Here's the latest news about Bitcoin:
Bitcoin Price Update
- Current price: $96,952.39
- Closing price on May 2, 2025: $96,566.04
- Recent trend: Bitcoin has been trading above $95,000, with some analysts predicting it could reach $100,000 in the near future ¹
Market News
- *Bitcoin ETFs*: BlackRock's Bitcoin ETF has grabbed over 10,000 Bitcoin, while rivals have seen outflows. Meanwhile, Grayscale has rolled out a new Bitcoin-based ETF.
- *Institutional Investment*: Morgan Stanley plans to enable cryptocurrency trading on its E*Trade platform by 2026, marking a deeper push into digital assets.
- *Bitcoin Yield Fund*: Coinbase has launched a Bitcoin yield fund for institutions, allowing them to generate yields on their Bitcoin $BTC holdings ² ³
Predictions and Analysis
- *Price Targets*: Some analysts predict Bitcoin could reach $124,000 or even $150,000 in the near future, while others see it potentially hitting $200,000 by the end of 2025 without further government adoption.
- *Green Energy*: Bitcoin mining now uses over 50% green energy, according to a Cambridge study.
- *Quantum Threat*: Analysts warn that Bitcoin faces a potential quantum threat, which could impact its security ⁴ ⁵
Other Developments
- *ARK Invest*: ARK Invest has raised its 2030 Bitcoin price target to $2.4 million.
- *Cantor Fitzgerald and Tether*: Cantor Fitzgerald, Tether, and SoftBank have launched a $3 billion Bitcoin $BTC venture.
- *Federal Reserve*: The Federal Reserve has eased digital asset rules, opening the door for banks to engage with cryptocurrencies ⁴