On May 7, 2025, the price of Bitcoin (BTC) showed an upward trend, trading around $97,294, with an increase of 1.94% compared to the previous close. During the day, it reached an intraday high of $97,513 and a low of $95,447. This recovery occurred after an initial drop attributed to the caution expressed by Jerome Powell, Chairman of the Federal Reserve, regarding future interest rate cuts and his skepticism about the viability of a proposed 'strategic reserve of Bitcoin' by the Trump administration. (CoinGape)
Additionally, the Japanese firm Metaplanet acquired 555 BTC for ¥7.6 billion (approximately $53.5 million), contributing to the market's upward momentum. Analysts suggest that the combination of institutional purchases and expectations of more flexible monetary policies could lead Bitcoin to exceed $100,000 in the short term. (Bitcoin Magazine)
