Bitcoin Surges Past $97,000, Erasing Recent Losses as Short-Term Holders Profit

Bitcoin experienced a significant price surge this week, reaching a new all-time high of $97,000 on May 1st. This rebound marks a positive turnaround after recent short-term losses and signals renewed investor interest across the financial markets. The cryptocurrency’s value rose from under $94,000 to over $97,000, marking a substantial recovery since its early February lows of around $78,000.