As of May 7, 2025, Bitcoin ( $BTC ) is trading around $96,600, showing a slight decline of 0.18% for the day. The price reached a high of $97,647.50 and a low of $96,222.10 during the trading session. 
The cryptocurrency market is closely watching the Federal Reserve’s FOMC meeting scheduled for later today, as decisions on interest rates could influence market dynamics.
Additionally, a leaked report suggests that major Wall Street firms managing $10 trillion are preparing to roll out Bitcoin investment products, indicating growing institutional interest in BTC.