As of May 3, 2025, Bitcoin (BTC) is trading at approximately $96,765, reflecting a modest increase of 0.39% over the past 24 hours. The cryptocurrency reached an intraday high of $97,838 and a low of $96,285.

Here are the latest developments in the Bitcoin ecosystem:

1. Price Momentum and Institutional Activity

Bitcoin has surged past $97,000, marking its highest level in 70 days. This rally is attributed to renewed institutional interest, including significant purchases by Strategy (formerly MicroStrategy), which recently announced a new $21 billion capital plan to acquire more BTC.

2. Regulatory Landscape

The European Union has introduced new anti-money laundering regulations set to take effect in 2027, which will ban anonymous crypto accounts and privacy coins.

3. Market Predictions

Analysts are optimistic about Bitcoin's trajectory, with some forecasting a rise to $135,000 within the next 100 days, assuming favorable macroeconomic conditions persist.

4. Derivatives Market

Today, nearly $2.85 billion in Bitcoin and Ethereum options are set to expire, potentially introducing volatility into the crypto markets.

Overall, Bitcoin's recent performance and institutional backing suggest a bullish outlook, though regulatory developments and market dynamics warrant close attention.