https://lookaside.fbsbx.com/lookaside/crawler/instagram/DJHCvrozFSf/0/image.jpg As of May 7, 2025, $Bitcoin (BTC) is trading at approximately $96,360 USD, reflecting a 2.1% increase over the previous day. The price has fluctuated between $93,587 and $97,513 in the past 24 hours.
Bitcoin (BTC) $96,360.00 +$1,986.00 (+2.10%) Today 1D 5D 1M 6M YTD 1Y 5Y max 2:05 AM š Market Overview Bitcoin's recent surge is attributed to several factors: Medium
Institutional Investment: Major firms like Semler Scientific and Strategy have collectively invested nearly $200 million in Bitcoin, signaling strong institutional confidence. The Daily Hodl +3 FXStreet +3 U.Today +3
Regulatory Developments: New Hampshire has become the first U.S. state to establish a Strategic Bitcoin Reserve, allowing up to 5% of public funds to be invested in Bitcoin and other digital assets. FXStreet +1 CoinDesk +1
Federal Reserve Anticipation: Investors are closely watching the upcoming Federal Reserve interest rate decision, with many positioning themselves for potential market movements. Cointelegraph
š® Price Predictions Market analysts have offered varied predictions for Bitcoin's future:
Binance CEO Changpeng Zhao suggests Bitcoin could reach up to $1 million during this cycle. Bitcoin News +3 U.Today +3 TradingView +3
Options Market Trends: There's notable interest in $300,000 call options, indicating bullish sentiment among traders. Finance Magnates +1 CoinDesk +1
Raoul Pal's Forecast: The macro investor envisions a potential rise to $450,000, citing a liquidity-driven supercycle. TradingView +1 U.Today +1