$BTC The price of bitcoin skyrocketed to $97,469 per coin after hovering around $94,000 for much of the day. Bitcoin's volume reached $24.27 billion, commanding 33.11% of all transactions recorded today.

Bitcoin Resurges with Fury

The leading cryptocurrency, bitcoin (BTC), rose more than $3,500 from the intraday low of May 5. The last peak was recorded just after 8:25 p.m. Eastern Time on Tuesday. At the time of publication, BTC is trading at $97,283. The token has risen 2% in 24 hours and 2.8% over the week. The bitcoin rally propelled the overall market, which now stands at $2.98 trillion after a daily increase of 1.16%, according to the latest data.