$BTC

$BTC As of May 5, 2025, Bitcoin (BTC) is trading at approximately $93,907 USD, reflecting a slight decline of about 2.36% over the past 24 hours. The cryptocurrency has experienced a trading range between $93,907 and $96,256 during this period.

Bitcoin's price has recently hovered around the $95,000–$97,000 range, with a notable peak above $97,000 driven by institutional demand and optimism over U.S.-China trade relations. Analysts suggest that Bitcoin could reach $135,000 within the next 100 days, citing strong bullish indicators and increased crypto liquidity. However, some caution that if BTC approaches $100,000, long-term holders might initiate profit-taking, potentially leading to a sell-off.

In the broader context, the U.S. government's establishment of a Strategic Bitcoin Reserve in March 2025 has added a layer of legitimacy to Bitcoin as a reserve asset. This move has influenced other states and countries to consider similar strategies.

Looking ahead, price predictions for Bitcoin vary, with some experts forecasting a rise to $135,000 in the near term, while others anticipate potential resistance around the $100,000 mark. Investors are advised to monitor market trends and conduct thorough research when making investment decisions.