The global cryptocurrency market ushered in a major turning point today. Bitcoin held above $94,000 and is poised to hit the key resistance level of $96,000. At the same time, from Arizona to Abu Dhabi, governments and institutional investors are accelerating their entry. The latest data from the XBIT decentralized exchange platform shows that institutional funds are pouring into the market at the fastest speed this year. As a frontier observer of crypto asset trading, XBIT brings you the latest news and in-depth analysis of BT

Bitcoin prices consolidated strongly, and XBIT trading volume hit a new highThe latest market shows that Bitcoin has stabilized at $94,362, with a 24-hour trading volume of an astonishing $31.77 billion and a market value of $1.87 trillion. In the past 24 hours, the price range of Bitcoin was $93,498 to $95,598, showing strong upward momentum.XBIT decentralized exchange platform transaction data reflects that despite the volatility of global stock markets due to negative GDP growth and inflation exceeding expectations in the United States, Bitcoin has performed well. "Our platform monitors that investors are considering Bitcoin as the first choice of safe-haven assets, alongside gold and Swiss francs," said the XBIT research team. "This trend has become more obvious after the introduction of a new round of tariff policies in the United States."Global governments are scrambling to deploy Bitcoin, and the latest news of BTC coins has set off the marketArizona is advancing a groundbreaking bill to become the first state in the United States to hold Bitcoin in state reserves. The bill will allow the state treasury to invest up to 10% of its reserve assets in Bitcoin. State Representative Jeff Weninger revealed that "about 15 states across the country are considering similar legislation," which could trigger a wave of large-scale adoption of Bitcoin by state governments.At the same time, Abu Dhabi sovereign wealth fund ADQ, conglomerate IHC and UAE's largest bank by assets FAB plan to launch a new stablecoin backed by dirhams, showing that Gulf countries are deepening their investment in cryptocurrencies.The chief strategy officer of XBIT decentralized exchange platform pointed out: "The government's entry is the most noteworthy signal in the latest news about BTC, which will completely change the perception and attitude of institutional investors towards crypto assets." XBIT platform data shows that after the government-related news was released, the number of new institutional accounts increased by 45% month-on-month.

ETF funds have set a record inflow, and XBIT predicts a strong breakthrough for BitcoinBlackRock's Bitcoin ETF has just ushered in the second largest inflow day since its launch in January, with a single-day net inflow of nearly US$1 billion. Yahoo Finance's historic inflow of funds has provided strong support for Bitcoin prices. At the same time, the SEC approved the launch of the ProShares XRP futures ETF at the end of April, further enriching the ecosystem of crypto investment products."The record inflow of ETF funds is one of the strongest positive factors in the latest news about BTC," said a quantitative analyst at the XBIT decentralized trading platform. "According to historical data models, when the network age increases by 40%, the price of Bitcoin usually increases by 6 times. We are in the early stages of this cycle."XBIT platform's unique on-chain data analysis shows that more than 85% of Bitcoin holders are currently in a profitable state, which may trigger short-term profit-taking, but the medium- and long-term trend remains optimistic.

XBIT platform: a safe and efficient digital asset trading centerAt a time when the crypto market is changing, the XBIT platform stands out for its excellent security and user experience. As a professional decentralized exchange, XBIT adopts a multi-layer security architecture to ensure the safety of user assets. The platform's innovative liquidity aggregation technology provides users with the best execution price and low slippage trading experience.XBIT has also launched an AI-driven market analysis tool that combines on-chain data and traditional technical indicators to help users grasp the pulse of the market. The tool has successfully predicted many important market turning points with an accuracy rate of over 75%.“In the new era of digital assets, we are committed to providing users with the safest and most efficient trading environment,” XBIT said. “As the market matures, professional trading tools and risk management will become more important.”