Bitcoin (BTC) is trading at approximately $96,888 today, May 7, 2025, marking a 2.8% increase over the past 24 hours. This surge is attributed to bullish investor sentiment ahead of the Federal Reserve's FOMC meeting, with traders anticipating potential interest rate decisions that could impact the crypto market. Additionally, Bitcoin's price momentum is bolstered by strong support at the $95,000 level, suggesting a possible breakout towards the $100,000 mark if this support holds. Institutional investments, including significant inflows into Bitcoin ETFs, continue to drive demand, reflecting growing confidence in Bitcoin as a digital asset.
