Bitcoin’s price rose to $96,400 on May 7, 2025, driven by renewed optimism surrounding U.S.-China trade negotiations and significant corporate investments in the cryptocurrency. The announcement of upcoming trade discussions between the two nations has bolstered investor confidence, leading to increased demand for risk assets like Bitcoin.
In addition to geopolitical developments, corporate activity has also influenced Bitcoin’s price. Strategy (formerly MicroStrategy) disclosed the purchase of approximately 1,895 Bitcoins for $180 million, signaling continued institutional interest in the cryptocurrency. This acquisition follows the company’s recent announcement to raise $21 billion through a stock offering aimed at further Bitcoin investments.
The broader cryptocurrency market mirrored Bitcoin’s upward movement. Ethereum (ETH) increased by 2.2% to $1,827.20, XRP rose 1.6% to $2.1388, and Solana (SOL) added 1%. However, Polygon (MATIC) experienced a slight decline of 0.6%. Among meme tokens, Dogecoin (DOGE) rose 1.7%, while the $TRUMP token saw a marginal decrease of 0.4%.
Despite the positive momentum, analysts caution that the sustainability of this rally depends on the outcomes of the U.S.-China trade talks and the broader economic landscape. Investors are advised to monitor these developments closely, as they could significantly impact market sentiment and cryptocurrency valuations.
