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Gate Square New & Returning Creator Rewards are ongoing!
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#BTC
As of May 8, 2025, Bitcoin (BTC) is trading around $94,000-$97,000, with a market cap of approximately $1.78 trillion. It has shown strong bullish momentum, recently recovering from an April low of $74,000, driven by institutional adoption and spot Bitcoin ETF inflows. Analysts predict a price range of $85,000-$210,000 for 2025, with some forecasting a peak near $180,000-$200,000 due to continued ETF demand and potential U.S. Bitcoin reserve policies. Technical indicators like RSI (66-70) and rising moving averages suggest bullish trends, though short-term corrections to $78,000-$90,000 are possible. Market sentiment is optimistic, supported by a Fear & Greed Index at 67 (Greed), but volatility remains a concern due to macroeconomic factors and regulatory risks.