.png){kind=logo}
Bitcoin price hit $96,954 on immense institutional buying support. There are large ETF inflows indicating that investors are waking up. The cryptocurrency is entering the $100,000 mark buoyed by market sentiment and increasing mainstream acceptance.
Bitcoin (BTC) is currently priced at approximately $96,954 as of May 2, 2025. It has risen by 2.33 percent in relation to two days earlier and represents a whopping 65.4 percent increase on the same day in 2024. Momentum in the price of Bitcoin is further strengthening as a number of good converging factors build investor confidence while attracting more market players.
Institutional investments are among the very leading factors that bring the present rally for Bitcoin. BlackRock, the largest asset management institution in the world, has put $350 million in Bitcoin in the latest market pullback. This bold move from the financial institution brings about the world's finest institutions showing that they believe more in Bitcoins now as a long-term asset.
MicroStrategy, another heavy hitter in the corporate Bitcoin space, announced its intention to raise $21 billion for boosting its Bitcoin stock. This statement came even after the company reported a huge $4.2 billion loss for the first quarter of 2025. CEO Michael Saylor fortified his much bullish long-term view on bitcoin. Such a move demonstrates the level of conviction some institutional players have, seeing the short-term loss as minimal and insignificant compared to the benefits in the future.
The days of May 1, 2025, are said to have marked robust inflows for the Bitcoin-related exchange-traded funds. The net total inflow, in this case, added up to $422.5 million, indicating an increase in investment interest from the traditional setup of investors.BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, attracting $351.4 million in a single day.
These ETF inflows indicate a clear trend: retail and institutional investors seek regulated, liquid avenues to gain exposure to Bitcoin. Unlike direct holdings, ETFs offer ease of access, tax advantages, and custodial services, making them attractive for large-scale investors. The growing dominance of ETFs in Bitcoin investments has added fresh momentum to price action.
The U.S. government’s introduction of a Strategic Bitcoin Reserve in March 2025 further strengthened bullish sentiment. This move placed Bitcoin on a similar pedestal as gold and oil in terms of strategic reserves. The government acquired significant BTC holdings and announced plans to use them to stabilize financial risks and counterbalance inflationary pressure.
Regulatory clarity from multiple countries now favors Bitcoin. Japan, Singapore, and Germany have approved frameworks that classify Bitcoin as a store of value and legal financial instrument. These changes attracted global capital to the crypto market. By removing ambiguity and enhancing legal protection, these frameworks increased investor trust.
Bitcoin’s price action recently broke out from a descending channel and formed a bullish pennant pattern. This breakout confirmed strong momentum and signaled further upside potential. Buyers pushed the price above critical resistance levels, and the trend remains firmly upward.
The next major resistance stands near the psychological barrier of $100,000. If bulls breach this level, Bitcoin could rally toward $107,000 in the short term. On the downside, immediate support lies at $92,000, followed by a stronger base near $85,000. Traders remain optimistic, and trading volume continues to support the uptrend.
The combined market cap of cryptocurrencies stands at a whopping $3.02 trillion, representing a general uptrend in the whole digital asset ecosystem. Bitcoin's current market dominance has reached 64%, a level not seen since early 2021. This dominance increase suggests Bitcoin is the undisputed leader in the current market rally, with considerable investor preference for the relatively safer and more established digital asset during that unpredictable market phase.
Ethereum is further behind as the second-largest asset; however, Bitcoin is in the limelight as institutions continue to focus their funds in BTC rather than heavily diversifying into altcoins. Bitcoin's persistent leading position underpins its status as a frontrunner asset in the crypto space.
Amid this resurgence, retail participation has also increased. Popular apps for trading had seen massive upticks in account openings and trading volumes in April and early May. Search volume trends and social traffic for Bitcoin-related keywords show resurgence in interest from the public at large.
Global demand for Bitcoin remains unabated. Citizens in inflation-affected areas like Argentina, Nigeria, and Turkey continue to turn toward Bitcoin as a hedge. Local currency trading volumes have touched new highs in these countries. While Bitcoin adoption is growing as an investment vehicle, it is also becoming a tool of financial empowerment and protection from the devaluation of currency.
The latest Bitcoin halving in April 2024 reduced miner rewards to 3.125 BTC per block. Since then, the network has adjusted and mining difficulty has increased due to competition and better hardware. Despite reduced block rewards, miners continue to hold large portions of mined BTC, reflecting expectations of long-term appreciation.
Mining activity remains robust. Hashrate data shows continued network growth and strong decentralization. These metrics point to sustained network security and confidence from mining operators. When miners choose to hold instead of sell, this reduces available supply, adding more upward pressure on price.
Market analysts expect Bitcoin to reach or exceed $100,000 in the coming weeks if current trends hold. Institutional accumulation, retail participation, favorable regulatory shifts, and constrained supply all point toward continued price appreciation.
Analysts also forecast a possible correction or consolidation around the $100,000 level. However, they agree that the long-term trend remains upward. Several price models, including the Stock-to-Flow (S2F) and Bitcoin Rainbow Chart, project long-term valuations between $130,000 and $180,000 by late 2025, assuming continued demand and macroeconomic support.
Bitcoin's price today reflects a strong, multi-layered rally driven by institutional demand, ETF inflows, global regulatory improvements, and renewed retail interest. The broader crypto market follows suit, but Bitcoin remains the dominant driver. Technical indicators, market fundamentals, and investor sentiment all support the ongoing bullish momentum. As the crypto market matures and integrates with traditional finance, Bitcoin continues to cement its position as a global digital asset of strategic importance.
