Bitcoin surged past $96,000 at the beginning of May, marking its strongest position since a significant correction in February that saw the price decline due to external economic pressures. The cryptocurrency rebounded 28% from an early April low of $75,000 and 21% from February’s low of $78,900. Analysts attribute this price surge to heightened institutional interest, seen through significant purchases by treasury companies like Strategy and Metaplanet, alongside steady capital inflows via exchange-traded funds (ETFs). Experts predict that Bitcoin is transitioning from a speculative asset into a fundamental part of institutional portfolios and anticipate BTC reaching the psychologically important $100,000 threshold. Market sentiment is buoyed by additional expected liquidity in the market and the overarching uncertain global monetary landscape, leading experts to forecast further price increases in the coming period. At the time of reporting, Bitcoin was trading around $96,200 with noticeable volume increases, contributing to positive market sentiment around the cryptocurrency.

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