From Investing.com

May 4, 2025 5:30:00 pm:

Bitcoin (BTC) has surged to a new all-time high, breaking the $60,000 mark for the first time. This milestone comes after a period of consolidation, signaling a strong bull run for the cryptocurrency.

The price of Bitcoin has increased by over 100% since the beginning of the year, outperforming traditional assets such as gold and stocks. This surge has been driven by institutional investors, who are increasingly viewing Bitcoin as a hedge against inflation.

Analysts predict that Bitcoin’s price could continue to rise in the coming months, with some forecasting a price target of $100,000 or more by the end of the year. This bullish sentiment is supported by growing adoption of Bitcoin by mainstream financial institutions and companies.

Despite its recent success, Bitcoin still faces challenges such as regulatory scrutiny and environmental concerns over its energy consumption. However, many supporters believe that these issues can be addressed through technological innovations and greater transparency in the industry.

Read more at Investing.com: Bitcoin (BTC) Hits Important Bull Run Combo