Bitcoin Price Today (April 29):
The world's largest cryptocurrency, Bitcoin, surged to $94,662.19 at 9 AM UTC, marking a 1.16% increase over the past 24 hours ([CoinMarketCap](https://coinmarketcap.com/)). Its market capitalization rose 1.06% to $1.87 trillion, with a 24-hour trading volume of $32.12 billion.
Key Drivers Behind Bitcoin's Rally
- ETF Inflows: Institutional demand via Bitcoin ETFs continues to fuel momentum.
- Policy Optimism: Potential crypto-friendly policies under the U.S. administration.
- State-Level Adoption: Arizona’s exploration of a Bitcoin treasury signals broader institutional interest.
👉 Why institutional investors are flocking to Bitcoin ETFs
Crypto Market Overview
Global cryptocurrency market cap reached $2.97 trillion, up 1.59% in 24 hours. Trading volume spiked 47.79% to $89.69 billion.
Token-Specific Updates
- Ethereum (ETH): Up 1.29% to $1,795.46; whale activity hints at a breakout toward $2,000.
- Solana (SOL): Trump-endorsed token traded at $147.52, with $3.67 billion volume.
- Stablecoins: Tether (USDT) dominated trades ($68.91B volume), reflecting risk appetite.
Expert Take:
"Bitcoin’s consolidation above $94,500 reinforces bullish momentum, with technical indicators pointing upward."
— Alex Kuptsikevich, FxPro
Is a Crypto Bull Run Likely?
Institutional Forecasts
- Standard Chartered: Predicts Bitcoin at $120,000 by Q2 2025.
- Ark Invest: Bullish scenario projects $2.4 million per BTC by 2030.
- Citigroup: Stablecoins could hit $1.6 trillion market cap by 2030.
👉 How to position your portfolio for a crypto bull market
FAQs
1. What’s driving Bitcoin’s price toward $95,000?
ETF inflows, institutional adoption, and regulatory optimism are key catalysts.
2. Will Ethereum break $2,000 soon?
Analysts note surging whale activity, suggesting a potential breakout.
3. How high could Bitcoin go in 2025?
Forecasts range from $120,000 (Standard Chartered) to $200,000 (year-end).
Disclaimer: This content is for informational purposes only. Consult a financial advisor before investing.