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#Strategy Doubles Down on BTC
The price of Bitcoin surged to $97,469 per coin, having maintained around $94,000 for most of the time. The trading volume of Bitcoin was $24.27 billion, accounting for 33.11% of all registered trades today.
Leading cryptocurrency, Bitcoin ( BTC ), has risen over $3,500 since its intraday low on May 5. The latest peak was recorded immediately after 8:25 PM Eastern Time on Tuesday. At the time of publication, BTC was trading at $97,283. The token has increased by 2% in 24 hours and by 2.8% over the week. The rise in Bitcoin has driven the entire market, which currently has a total market value of $2.98 trillion, a 1.16% increase within the day, according to the latest data.
Bitcoin is currently facing significant resistance at the price levels of $97,800, $98,000, and beyond. Four days ago, BTC reached a peak of $97,938 and has not broken through since, although bulls are still applying strong pressure tonight. Following this specific peak, the price of the coin has continued to decline, leading to a sharp drop on May 5th. The decline was accompanied by large-scale selling.
#BTC