Bitcoin's price rose by 1.51% to approximately $95,284 on April 29, 2025, as the US jobs report bolstered expectations for interest rate cuts.
The increase in Bitcoin's price underscores its resilience and potential breaking toward $100,000, supported by institutional demand seen through substantial ETF inflows.
Bitcoin's price has been on an upward trend recently, spurred by hopes of a rate cut, advancing 1.51% to approximately $95,284. This price level is approaching the significant psychological barrier of $100,000.
Market analysts attribute the rise to strong institutional interest and significant ETF inflows totaling $591 million. The cryptocurrency remains stable amidst these developments, maintaining a position above $95,000.
The rise in Bitcoin's price has increased optimism among investors. It reflects expectations of looser monetary policy given economic indicators, potentially enticing more institutional investments.
Potential rate cuts in response to recent economic data could bolster Bitcoin's appeal as a hedge against inflation. The current momentum hints at a possible surge beyond the $100,000 mark.
Bitcoin has shown considerable growth similar to past periods of economic uncertainty. Despite being below its December 2024 peak, its current trajectory is reminiscent of previous bull runs supported by institutional inflows. "Bitcoin's strong ETF inflows suggest substantial institutional interest despite the asset trading below its all-time high from December 2024," said an analyst from an unknown firm, highlighting the ongoing market dynamics.
Expert analysis suggests that if the current positive trend continues, Bitcoin might break past its all-time high. Institutional backing and market dynamics provide context for predicting significant future advancements.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.