- May 6, 2025
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Today in crypto, Binance founder Changpeng “CZ” Zhao expects Bitcoin to reach between $500,000 and $1 million this market cycle, driven by institutional adoption, growing government accumulation, and a pro-crypto US policy, Florida has withdrawn its two Bitcoin reserve bills from consideration in a blow to Bitcoin hopefuls, and asset manager VanEck has filed for the first US BNB exchange-traded fund.
CZ expects Bitcoin’s price to top at $500,000 to $1 million during this market cycle.
During an interview with Rug Radio published on May 5, Zhao said that he expects Bitcoin to reach up to one million dollars during this market cycle. He also highlighted the role of Bitcoin spot exchange-traded funds (ETFs) in this rise, saying that the increasing institutionalization of Bitcoin is a good thing for the market:
