Bitcoin extended his upward streak on Thursday, briefly crossing $ 97,000 for the first time since February 2025, promoted by an increase in institutional entries and favorable macroeconomic developments. The rally raised the broadest feeling throughout the cryptocurrency market, with total market capitalization by increasing 1.5% to be around $ 3.01 billion.
The positive impulse of the market was reflected in the main digital assets, with Ethereum (ETH), Cardano (ADA) and Litecoin (LTC) that publish modest profits. Even so, the yield between the 20 main cryptocurrencies remained mixed, revealing a more cautious but selectively bullish investors.
Instant Crypto market: Top Movers
In the last 24 hours, Bitcoin increased by 1.89%, quoting to $ 96,696 from Friday morning in Asia. Ethereum continued with a gain of 1.32% to reach $ 1,831. Among the 20 main assets for market capitalization, Litecoin led the winners with an increase of 4.93%, followed by Dogecoin (+3.14%) and Cardano (+3.08%). On the negative side, BNB (–0.37%) and Tron (–0.77%) slightly slightly slid.
The stable, such as Tether (USDT) and USD Coin (USDC) remained stable, reflecting the demand for liquidity investors as volatility increases.
Bitcoin resurgence: a confluence of catalysts
Bitcoin’s impulse towards the psychological level of $ 100,000 has been fed by a series of bullish developments, particularly in the institutional space. According to Farside investors data, the Bitcoin Spot ETFs that are quoted in the United States saw $ 422.5 million in net tickets on May 1, the highest daily entry since March. Blackrock’s ETF Ibit only contributed $ 2.45 billion in April, representing more than 80% of Bitcoin ETF’s net tickets last month.
The technical impulse has also been strengthened. Bitcoin violated the key resistance at $ 95,000, triggering automated purchases and short settlements. Analysts are now observing $ 100,000 as the next test, with a firmly anchored support around $ 93,000 to $ 95,000.
Macro tail photographs: Rate cuts and commercial relief
Macroeconomic indicators have also played a crucial role in the recent Bitcoin increase. The softest economic data in the USA., Including a deceleration in manufacturing and a modest increase in work -free statements, have reinforced the expectations that the Federal Reserve can begin to reduce interest rates in the second half of 2025. The lowest interest rates traditionally favor risk assets, including cryptocurrencies.
In a greater impulse to the feeling of risk, the United States ended a series of commercial agreements with the main economies, including India, with the aim of relieving tariffs and reducing geopolitical tensions. The flexibility of commercial hostilities has caused a broad -based manifestation in digital actions and assets.
“The global digital asset market witnesses a positive impulse wave as the macroeconomic conditions surrounding financial markets improve,” said Shivam Thakral, CEO of Buyucoin. “BTC rose above the $ 97,000 brand, and with the current impulse it maintains, Bitcoin can exceed the $ 100K mark in the coming weeks.”
Accelerate institutional accumulation
Microstrategy and Metaplenet, among the most prominent corporate Bitcoin holders, have continued to accumulate aggressively in recent weeks. Microstrategy, which has more than 214,000 BTC, recently presented to raise additional $ 700 million in convertible notes to finance more Bitcoin purchases. Meanwhile, Metaplenet, which is found in Tokyo, is emerging rapidly as the equivalent of Japan’s microsthege, acquiring BTC to protect against the long -term monetary devaluation.
These movements reflect a growing conviction between the treasure bonds that Bitcoin is not simply a speculative asset but a long -term value warehouse, similar to digital gold. As institutional portfolios diversify in BTC, the supply of exchanges continues to be reduced, creating more upward pressure on the price.
Bitcoin has increased almost 28% since its April minimum, 2025 about $ 75,000, since the renewed demand of retail and institutional players feeds the upward impulse.
US equities. Delete higher as the assembly of fees fed
The cryptocurrency rally coincides with profits in traditional markets. On May 2, the US stock market closed higher, driven by the expectations that the Federal Reserve adjustment cycle may have reached its maximum point. The S&P 500 increased 1.1%, the Nasdaq compound won 1.3%and the Dow Jones industrial average rose 0.9%.
Investors were encouraged by the comments of Fed officials and warm economic data, including weaker factory orders and a deceleration in construction spending. The yields of the United States treasures fell, which supports the case of tariff cuts in the next quarter.
EXPERT TAKE: Is BTC prepared for a break or caution ahead?
“Bitcoin’s rupture above $ 97,000 is significant, but without continuous ETF tickets and a strong macro support, he could face a short -term consolidation,” said Alexablockchain’s analysts team. “We are seeing resistance around $ 97,300, a level that aligns with the average cost of the short -term holders. A breakdown of more than $ 100,000 would require a stronger conviction of the spot and derivative markets.”
Option market data show neutral and low raw biases, suggesting that merchants still have no pricing in short -term extreme volatility. Even so, the accumulation of open interest on purchasing options above $ 100,000 indicates increasing expectations for a large upward break.
Looking to the future: Bitcoin as Portfolio Cornerstone
As the lines between traditional finances and cryptography continue to undone, Bitcoin’s role as a basic element of the portfolio seems to be increasingly solidified. A growing number of coverage funds, pension funds and family offices are being assigned to BTC, not for fast profits but for structural diversification.
The appearance of regulated ETF products and lighter tax patterns in key markets such as the United States, Singapore and Germany are facilitating traditional investors to obtain exposure. In addition, fixed supply and decentralized architecture of Bitcoin are being seen as a coverage against inflation, sovereign debt risks and geopolitical uncertainty.
“Bitcoin is becoming an essential part of retail and institutional portfolios,” Thakral added. “We can witness another important concentrate this year to try the previous maximum of all time.”
With solid foundations, a robust institutional demand and improving macro conditions, Bitcoin seems well positioned to test $ 100,000 in the coming weeks. Whether you can sustain a break or face the profits will depend on the continuous alignment of the structure of the market, feeling and policy developments.
The encryption market is entering a fundamental phase, where the confluence of macroeconomic relief, institutional support and technical force is preparing the scenario for a potentially historical career. Bitcoin flirting with the six -digit mark is no longer a matter of whether, but when, and if the broader cryptographic ecosystem is ready to capitalize on that impulse will shape the narrative for the rest of 2025.
Read also: Crypto UX’s problem persists despite growth, finds Realt and Nansen 2025 Ochain UX report
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