Bitcoin Smashes Through $96K—First Time Since February’s Bloodbath

BTCC / BTCC Square / decryptCO /

Author:

Release Time:

2025-05-01 13:24:53

Bitcoin Price Tops $96K for First Time Since February Correction

BTC bulls are back in charge as the king of crypto reclaims ground lost during February’s brutal correction. The surge past $96k signals renewed institutional FOMO—just in time for Wall Street’s usual ’sell in May’ theatrics.

Analysts point to spot ETF inflows and a weakening dollar as key drivers, though skeptics note the rally conveniently ignores the Fed’s balance sheet still being $7 trillion overweight. Classic crypto: pricing in hyperbitcoinization while ignoring the elephant in the room.

One thing’s certain: the ’uncorrelated asset’ narrative gets harder to sell when BTC moves in lockstep with the S&P 500’s liquidity waves. But try telling that to the diamond hands stacking sats between martini lunches.

Daily Debrief Newsletter

Start every day with the top news stories right now, plus original features, a podcast, videos and more.Your EmailGet it!Get it!

By:

Log in to Reply

Malaysian Cops Bust Underground Bitcoin Mine—Raking in $8K Monthly From 45 Rigs

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.