$BTC In a notable development, the cryptocurrency market added about $70 billion to its market value, driven by a strong rise in the price of Bitcoin, which exceeded a rise of $4,000 in less than 12 hours.
Bitcoin started May with a strong performance, rising from $93,500 on April 30 to over $97,000 the next day, then continuing its ascent to reach $98,000 on Friday, its highest level in over two months.
However, this momentum did not last long, as the coin experienced a decline to $93,500 by Monday and Tuesday, with a loss of about $5,000.
The recent volatility in the price of Bitcoin came against the backdrop of news about an upcoming meeting between the United States and China in Switzerland to discuss reciprocal tariffs, which directly affected market sentiment.
