#bitcoin Bitcoin Surpasses $97,000 with Strong 24-Hour Growth

As of May 7, 2025, 00:08 AM (UTC), Bitcoin (BTC) has achieved a significant milestone by surpassing the $97,000 mark, trading at $97,036 USDT, according to Binance market data. This impressive movement reflects a 2.41% increase in the past 24 hours, highlighting a renewed bullish momentum in the cryptocurrency market.

The surge in Bitcoin’s price is being closely watched by investors and analysts alike, as it indicates growing confidence in the digital asset amid ongoing market volatility. The breakthrough above the $97K level is being considered a potential stepping stone toward Bitcoin possibly testing new all-time highs in the near future.

Experts suggest this upward trend could be influenced by increasing institutional interest, decreasing supply on exchanges, and a positive outlook from the recent halving event. The consistent upward movement over the last few days has fueled speculation that Bitcoin may soon challenge the $100,000 psychological barrier.

With the crypto market showing renewed signs of strength, traders are advised to monitor key resistance levels and market sentiment closely as BTC continues to dominate headlines with its impressive performance.