$BTC

Bitcoin (BTC) has broken out of its range-bound phase between $90,000 and $95,000 and resumed its upward trajectory to reclaim $97,000 levels as market sentiment improved ahead of the US Federal Open Market Committee (FOMC) meeting. This, market analysts said, signals a bullish momentum for Bitcoin toward the $100K mark.

At 10:20 AM on Wednesday, May 7, Bitcoin was quoted trading at around $96,476.58, higher by 2.13 per cent. The world’s most popular cryptocurrency had a 24-hour trading volume of $31.36 billion.

Bitcoin's market capitalisation stood at $1.91 trillion, the highest among all cryptocurrencies.