Bitcoin Price Is Back Above $96,000
Bitcoin (BTC) has surged past the $96,000 mark once again, reaching a price of $96,150 at the time of writing — a 1.5% gain in the past 24 hours.
This marks a renewed wave of investor optimism as the leading cryptocurrency inches closer to the symbolic $100,000 threshold.
According to data from CoinMarketCap, BTC now boasts a market capitalization of $1.91 trillion, with a 24-hour trading volume of $30.46 billion, reflecting a 20% increase in daily activity. The total circulating supply sits at 19.85 million BTC, out of the maximum capped supply of 21 million coins, reinforcing its scarcity-driven value narrative.
The upward price movement follows a period of consolidation in the low $90K range, as seen on intraday charts. The sharp green spike beginning early on May 1 points to strong bullish momentum, likely fueled by institutional buying and broader optimism in the digital asset sector.
Technical indicators suggest a robust support level near $94,000, with buyers stepping in aggressively as the price approached the mid-$90K zone. Market sentiment appears overwhelmingly positive, with a 100% profile score on analytics platforms, and ratings reflecting continued user confidence in Bitcoin’s long-term prospects.
This rally may also reflect anticipation around upcoming macroeconomic decisions, halving-related speculation, or further mainstream adoption signals from governments and corporations.
Whether this latest price move will sustain remains to be seen, but one thing is clear: Bitcoin continues to command attention as it pushes toward uncharted territory.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
