$BTC As of May 6, 2025, Bitcoin (BTC) is trading at approximately $94,419, reflecting a slight decrease of 0.23% from the previous day. The price has been consolidating within a narrow range between $94,024 and $94,921, indicating a period of stability following recent volatility.

Notably, institutional interest remains strong. BlackRock's Bitcoin ETF recorded a significant inflow of $531.2 million on May 5, marking the 15th consecutive day of positive net inflows. However, on May 6, Invesco's Bitcoin ETF reported zero net inflow, suggesting a momentary pause in investor activity.

Additionally, market participants are closely monitoring the upcoming Federal Open Market Committee (FOMC) meeting, as any dovish signals from the Federal Reserve could potentially boost Bitcoin and other cryptocurrency prices.

In summary, Bitcoin is currently experiencing a phase of consolidation with strong institutional backing, while market watchers await potential catalysts from upcoming economic events.