As of May 7, 2025, Bitcoin ($BTC ) is trading at approximately $96,022, reflecting a 1.38% increase from the previous close. The day's trading has seen a high of $97,513 and a low of $94,528.
This upward movement is attributed to optimism surrounding potential progress in U.S-China trade negotiations, which has bolstered investor confidence in risk assets, including cryptocurrencies.
In related developments, New Hampshire has become the first U.S. state to establish a strategic Bitcoin reserve, permitting up to 5% of its state funds to be held in Bitcoin.
On the corporate front, asset management firm BlackRock has reportedly acquired $2.5 billion worth of Bitcoin, signaling strong institutional interest in the cryptocurrency.
Additionally, Metaplanet has expanded its Bitcoin holdings to a total of 5,555 $BTC Cfollowing a recent purchase of 555 BTC valued at $53 million.
Analysts are closely monitoring Bitcoin's performance as it approaches the $100,000 mark, with some forecasts suggesting that it may not dip below this threshold in the coming year.
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