On May 1, 2025, the cryptocurrency market experienced a notable upswing, with major assets like Bitcoin (BTC), Ethereum (ETH), and Binance Coin (BNB) recording significant gains.
Bitcoin (BTC) surged to $96,451, marking its first return to this level since February. This 2.1% daily increase is accompanied by a substantial 35% rise in trading volume, reaching $42 billion. Analysts suggest that if this momentum continues, BTC could challenge the $100,000 mark by the weekend .
Ethereum (ETH) rebounded from an earlier dip to $1,741, climbing to $1,848.7 by day's end—a 4.5% increase. This recovery is bolstered by strong trading activity and positive market sentiment.
Binance Coin (BNB) also experienced a positive movement, rising to $604.42, a 1.2% gain. This uptick aligns with the broader market's bullish trend and increased investor confidence.
The overall cryptocurrency market capitalization has reclaimed the $3 trillion mark, signaling renewed investor enthusiasm and a potential continuation of the bullish trend
As the market approaches the weekend, traders and investors are closely monitoring these developments, with many anticipating further gains if current trends