#BTC The past week demonstrated significant volatility in the cryptocurrency market, marked by an important event — Bitcoin has once again surpassed the psychological mark of $100,000. Trading occurred within a wide range from $93,377 to $104,361, with a dominant bullish trend that led to a weekly increase of the first cryptocurrency by 10.08%, reaching $103,785. The week started with a sideways trend, as Bitcoin found temporary support around $93,500, but ends with a confident rise, creating a foothold for further movement towards the historical maximum.
On May 5, the market showed uncertainty ahead of the U.S. Federal Reserve meeting scheduled for May 7. Bitcoin showed modest growth of 0.48%, reaching $94,733. Traditional markets faced pressure that day after President Trump's statements about the possible introduction of new tariffs, leading to a decline of the S&P 500 by 0.72% and Nasdaq by 0.67%. Ultimately, the support at $93,500 played a crucial role in the subsequent growth.