Bitcoin (BTC) Market Update – May 7, 2025
Bitcoin has surged to $96,987, marking a 3.15% increase over the past 24 hours. This rally is attributed to positive developments in U.S.-China trade negotiations and anticipation surrounding the Federal Reserve's upcoming interest rate decision . Analysts highlight $95,000 as a critical support level; maintaining above this threshold could pave the way for a breakout toward the $100,000 mark .