Bitcoin (BTC) has been experiencing significant turbulence over the last few days. The token has taken significant hits over the previous few months. However, the market is again breathing freely, and the prices reflect this. At the time of writing, BTC is hovering around $97,000, which is significantly better than its previous value.
Chinese media released a statement saying, “The U.S. has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue.” This news immediately rejuvenated the market, and prices began to rise again.
DOGE led the posse by rising 4% in the last 24 hours. Meanwhile, other tokens, including BNB, ETH, XRP, and ADA, rose by between 1% and 3% in the previous 24 hours. This was observed across the board and suggests that the market is on a healthy recovery spree. This indicates that BTC could surpass the $100,000 mark and recover its all-time high (ATH).
Business insiders like Flowdesk suggest that, “As BTC ranges above $90K, undercurrents of risk appetite are growing stronger within both spot and derivative markets. Liquidity remains strong with rising volumes, surging weekend activity, and improving altcoin depth. At the same time, broad-based spot buying continues, led by speculative alts and AI tokens, alongside $1.5B in Bitcoin ETF inflows as institutional demand grows.”
In other News
In other news, the bullish sentiment is not just limited to BTC and altcoins. AI tokens also show some positive movement. Kava Lab, a popular AI token landscape, has just reached 100,000 users on the market. This suggests that AI tokens have also started the upward climb.
All in all, the day after May Day looks positive for investors as the market is showing new signs of life.
