Here is the latest news regarding the price movement of Bitcoin (BTC) as of May 29, 2025:
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Bitcoin Holds Above $107,000, Market Awaits Signals for Continued Upswing
On Thursday night, May 29, 2025, the price of Bitcoin (BTC) was trading in the range of $107,101, experiencing a decline of about 0.72% in the last 24 hours. Nevertheless, BTC remains above the psychological level of $107,000, indicating market resilience amid volatility.
Daily trading volume reached $50.3 billion, with a market capitalization of around $2.13 trillion. The intraday highest price recorded was $108,865, while the lowest was $106,968.
Factors Influencing the Market:
Accumulation by Long-Term Investors: On-chain data shows that long-term holders ("diamond hands") continue to increase their holdings, reflecting confidence in Bitcoin's long-term prospects.
Optimistic Price Predictions: Some analysts project that the price of Bitcoin could reach between $130,000 to $150,000 by the end of 2025, driven by institutional demand and increasing adoption.
Stability of the Crypto Market: Despite price fluctuations, the crypto market overall shows stability, with Bitcoin maintaining market dominance above 60%.
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With the current market conditions, investors are advised to remain vigilant regarding macroeconomic developments and regulatory news that may affect Bitcoin's price in the short term.
