$BTC Bitcoin experienced a notable upward movement yesterday, May 6, 2025. Starting the day at approximately $94,758, the price climbed steadily, reaching a high of around $96,854 by the end of the day. This represents a significant daily gain of approximately 2.21%. The positive momentum suggests renewed buying interest in the market.

Several factors could have contributed to this upward trend. Overall market sentiment might have turned more bullish, with investors regaining confidence in the asset. Technical analysis could also point to key support levels holding, prompting traders to initiate long positions. Furthermore, any positive news or developments within the cryptocurrency space could act as a catalyst for price appreciation. This daily increase follows a period of mixed trading, highlighting the inherent volatility of the Bitcoin market.