The cryptocurrency market is experiencing renewed optimism as Bitcoin shows a strong recovery, trading between $94,000 and $96,000, with predictions suggesting it may soon approach or even cross the $100,000 mark. Influential figures, including Binance co-founder Changpeng Zhao, forecast Bitcoin could reach as high as $500,000 or even $1 million during the current bull cycle.
Ethereum remains stable, with only slight price changes, maintaining levels between $1,804 and $1,805 as investors look for longer-term growth amid ongoing economic uncertainty. Binance Coin is set for a potential surge, with projections indicating it could peak around $750 by the end of May, and possibly climb further by June.
Market sentiment is broadly positive, reflecting recovery from previous downturns caused by US tariff policies. The anticipation surrounding the upcoming FOMC meeting adds to expectations of further market adjustments, although regulatory implications remain a consideration for investors. As Bitcoin leads the rally, both major altcoins and meme coins are seeing increased value and attention, signaling a possible bullish shift in the crypto market.