Bitcoin (BTC) has achieved a new all-time high, surging to $97,000 on May 1, 2025. This significant price movement reflects increased institutional and retail trading activity, with heightened volatility expected in the short term. Key Highlights:
Price Surge Details:
BTC reached $97,000 at approximately 10:30 AM UTC on May 1, 2025.
This marks an 8.5% increase within the past 24 hours.
Trading Volume:
Over $52 billion in trading volume was recorded in the same 24-hour period.
Major exchanges like Binance and Coinbase saw BTC prices peak at $97,200 and $97,150, respectively.
On-Chain Metrics:
Bitcoin wallet addresses holding over 1 BTC increased by 3.2% in the past week.
The network's hash rate reached an all-time high of 650 EH/s, indicating robust network security and miner confidence.
Market Sentiment:
Analysts are closely monitoring resistance near the $100,000 level and support at $95,000 for potential breakout or correction signals.
Conclusion:
Bitcoin's surge to $97,000 underscores the cryptocurrency's growing momentum and investor interest. As the market eyes the psychological $100,000 barrier, traders and investors should remain vigilant, employing risk management strategies to navigate potential volatility.
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📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.