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Bitcoin's Price Crosses $96,000 for the First Time Since March

  • In the beginning of May 2025, Bitcoin climbed above the $96,000 level, hitting its highest price since late November 2024 on major exchanges such as Binance's USDT market.
  • This price rise follows a 28% rebound from April's $75,000 bottom driven by factors including institutional buying and ETF capital inflows amid uncertain global monetary conditions.
  • Major treasury companies such as Strategy and Japanese firm Metaplanet, which recently opened a U.S. Subsidiary, have significantly increased Bitcoin holdings, fueling market momentum.
  • Industry experts note that the rally reflects sustained long-term momentum and institutional adoption, emphasizing the psychological impact of the $100,000 price target on sentiment.
  • Despite optimism, the Bitcoin market remains volatile with risks of swift corrections, resistance near $94,000-$95,000, and increased regulatory scrutiny due to growing attention and trading volumes.
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coinidol.com broke the news in on Thursday, May 1, 2025.
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