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Bitcoin Price Forecast for May 2025
... and reached multi-week highs. On April 23, Bitcoin's value was approximately $94,500, a level not seen since early March of this year.
This strong price growth in April can be attributed to several factors, including a weakening U.S. dollar and rising gold prices amid expectations of a dovish monetary policy from the U.S. Federal Reserve. Investors are anticipating a scenario in which the Federal Reserve (Fed) will lower its key interest rate by the summer of 2025. Additional optimism has been fueled ...