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Bitcoin price is eyeing the psychological level of $100,000 as it continues to rally amid institutional demand, tariff relief, and macroeconomic shifts, while the BTC Bull presale has raised over $5.2 million.
Bitcoin Surpasses $92,000 and $96,000 Averages
The probability of the world’s most valuable cryptocurrency surpassing the $100,000 psychological level is high, based on the daily chart’s price action.
After emerging from a period of consolidation, optimism towards Bitcoin price reaching $100,000 is building again.
This new week of trading saw a nearly 4% increase in the last seven days and 2% gain in 24 hours.
Importantly, the cryptocurrency is now trading above the $92,000 and $96,000 averages, indicating that bulls have taken over.
(BTCUSDT)
The price surge on May 1 confirmed the buying momentum from April 21 and 22, potentially paving the way for further gains towards $100,000 and even the January 2025 high of $109,000.
This rally follows a dynamic mix of macroeconomic shifts and policy tailwinds bolstered by institutional support, fueling retail demand.
After Donald Trump announced a 90-day tariff pause in April, which excluded China, crypto prices surged. This relief rally pushed Bitcoin above $85,000, with follow-through momentum breaking $90,000.
However, China was later accused of retaliating and showing no willingness to cooperate or engage in meaningful discussions despite having seven months to do so.
Moreover, reports suggest that the United States is actively seeking to engage in tariff talks with Beijing, signaling a potential de-escalation in the trade war that has deeply impacted global markets, equities, and crypto assets.
This week, Trump claimed to have negotiated trade deals with 200 countries but did not specify which regions or countries he was referring to.
If these tariff negotiations progress significantly, risk-off assets like cryptocurrencies could rally even further.
Institutions Buy $422 Million of Spot Bitcoin ETF Shares
Institutions are making a strong move into Bitcoin, with impressive U.S. spot Bitcoin ETFs inflows being reported.
On May 1, institutions purchased over $422 million of spot Bitcoin ETF shares, concentrating mainly on BlackRock’s IBIT and with significant inflows also reported into Grayscale’s BTC and Bitwise’s BITB.
(Source)
This brings the total to over $111 billion in spot Bitcoin ETF shares held by institutions, constituting nearly 6% of Bitcoin’s circulating supply.
With Trump also pushing for a rate cut, confidence is growing that Bitcoin and some of the best cryptos to buy, like Solana, could climb higher, registering new all-time highs in 2025.
BTC Bull Presale Surpasses $5.2M as Investors Diversify
Smart investors are diversifying into some of the hottest presales in 2025, with BTC Bull being a hot pick.
The BTC Bull presale has raised over $5.2 million since its February 2025 presale launch, with more inflows expected before BTCBULL lists on major exchanges.
What makes BTC Bull interesting is its close ties to Bitcoin's performance.
The project will distribute free Bitcoin once BTCUSDT hits $150,000, with additional airdrops every $50,000 increase until Bitcoin reaches $1 million.
Furthermore, BTC Bull will begin burning tokens when BTCUSDT reaches $125,000, with further burns every $25,000 increase to reduce the circulating supply and boost scarcity.
Get 78% APY on BTC Bull Tokens
BTCBULL is available for $0.00249, but you should act now. Prices will increase in less than 24 hours.
You can buy from the main page, but the Best Wallet is preferred.
Presale investors can stake tokens and earn a decent yield at 78% APY.
Yields will decrease as more participants stake, lock tokens, and generate passive income.
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