Bitcoin (BTC) Surges to $97,000, Wiping Out Short-Term Losses

By: bitcoin ethereum news|2025/05/02 22:45:01

Bitcoin, the first and largest cryptocurrency by market capitalization, kicked off May on a positive note, reaching its highest level since late February as investors’ appetite for risk was rekindled across financial markets. The leading cryptocurrency asset posted a strong surge on May 1, printing a significant green daily candlestick following two straight days of decline at the start of the week. Bitcoin increased from a low of $94,115 to $97,483, its highest since Feb. 21. Bitcoin has recovered almost 21% from its February low of $78,900 and roughly 28% from its early April low of $75,000. You Might Also Like The rebound was sustained in early Friday’s session. At press time, BTC was up 0.24% in the last 24 hours to $96,903, after reaching intraday highs of $97,059. Bitcoin has reversed its weekly losses and is now up 2.49% in the last seven days. Bitcoin recent buyers in profit Bitcoin’s latest price jump to $97,000 has restored profitability for a key segment of the market: short-term holders (STHs). According to on-chain analytics firm Glassnode, the cost basis ribbon for short-term holders shows that investors holding BTC for over one month have returned to profit. This remains significant for a few reasons. The cost basis ribbon for Short-Term Holders shows that investors holding $BTC for over 1 month have returned to profit. This shift eases sell pressure from older STHs and may signal early signs of positive market momentum if maintained. pic.twitter.com/e0mt0vCzXw — glassnode (@glassnode) May 2, 2025 According to Glassnode, this shift eases sell pressure from older short-term holders (STHs) and may signal early signs of positive market momentum if sustained. You Might Also Like On the macroeconomic front, nonfarm payrolls rose by a seasonally adjusted 177,000 for the month, somewhat lower than the downward-revised 185,000 in March but more than the Dow Jones estimate of 133,000. However, the unemployment rate remained at 4.2%, as projected, showing that the job market is generally stable. The report comes just ahead of next week’s Federal Reserve policy meeting scheduled for May 6 and 7. Markets broadly expect the Fed to keep its benchmark short-term borrowing rate unchanged at the meeting, while they are pricing in a quarter-point decrease in June, with two or three more to come by the end of the year. Source: https://u.today/bitcoin-btc-surges-to-97000-wiping-out-short-term-losses

Crypto trading is no longer just about having a good idea—it is about executing consistently in a market that never stops. As data volumes and market speed increase, traditional manual analysis reaches its limits. AI helps traders move beyond these limits by transforming how markets are analyzed, how sentiment is interpreted, and how risk is controlled. This article explores how AI is reshaping crypto trading — and what that means for traders today.

WEEX × LALIGA: Seven Stars That Represent a Shared Standard of Excellence

True excellence in football is never accidental. It is built on discipline, consistency, and the ability to deliver under pressure — season after season. The same principles apply in professional trading, where long-term performance matters more than short-lived momentum. As an official regional partner of LALIGA, WEEX highlights seven outstanding players who embody the league’s competitive spirit and global appeal. Each brings a unique style to the pitch, yet all share values that closely align with WEEX’s commitment to stability, precision, and professional execution. This partnership is built on shared standards — where consistency and control define performance under pressure.

WEEX Partners with LALIGA to Expand Global Reach and Integrate Crypto into Mainstream Sports Culture

Hong Kong, Jan. 1, 2026. WEEX has entered into a new partnership with LALIGA, as an official regional partner of LALIGA in Taiwan and Hong Kong. The agreement brings WEEX into LALIGA’s network of regional collaborators and opens the door to new ways of engaging both fans and traders during the season.

Perpetual Contract Genesis: Pricing Liquidity with a Magic Formula, Transparency Prevents it from Reaching its Full Potential

A mechanism originally designed merely to peg derivative prices closely to spot may one day exert gravitational pull on the entire dollar system itself

Decode Stock on Chain: Why Are Crypto Enthusiasts Investing in US Stocks While Wall Street Is Going Blockchain Unfriendly?

When the crypto market is facing a periodic downturn, global top-tier institutions are betting on asset tokenization at the same time.

Key Market Intelligence as of December 31st, how much did you miss out on?

1. On-chain Volume: $69.3M USD flowed into Ethereum today; $59.5M USD flowed out of Arbitrum 2. Biggest Gainers and Losers: $OMNI, $BETA 3. Top News: LIGHT surged over 250% in the last 2 hours, breaking above $1.1

Long-standing domestic public blockchain NEO sees feud between two co-founders, with opaque finances as the core reason

Domestic AI projects are surging, while domestic public blockchains are bickering

Hong Kong Virtual Asset Trading Platform New Regulations (Part 2): New Circular Issued, Has the Boundary of Virtual Asset Business Been Redefined?

The market's potential to advance is now less about regulatory permissiveness and more about whether participants are truly ready to operate under a more transparent and rigorous ruleset.

DeFi 2.0 Explosion Post-Disorderly Restructuring in 2026

The further disordered reorganization of the macro environment, and the consequent drive toward the DeFi 2.0 explosion, both have clear trends and inevitability.

Fed's Latest Meeting Minutes: Divergence Persists, But "Most" Officials Advocate Continued Rate Cuts

Most participants support a rate cut in December, with a few indicating that this decision was finely balanced and they might have supported standing pat. Those in favor of a rate cut generally pointed to the increased downside risks to employment seen in recent months.

AI Trading in Crypto: How Traders Actually Apply AI in Real Crypto Markets

Artificial intelligence has moved beyond experimentation in crypto markets. In 2025, AI-driven trading tools are increasingly used by traders who want better discipline, faster execution, and more structured decision-making in volatile markets. This guide explains how AI is actually used in crypto trading, step by step — with a focus on how these strategies are executed in real trading environments.

The first large-scale adoption of a "yield-bearing stablecoin" was in China

The digital renminbi has transitioned from "digital cash" to "digital currency".

Market Update — December 31

From South Korea and the OECD accelerating the implementation of crypto regulation and compliance frameworks, to the simultaneous development of TAO ETFs, privacy technologies, mining, and Bitcoin reserves, while security incidents and financial losses continue to rise, the crypto market has entered a new phase amid multiple challenges of "strong regulation + technological evolution + amplified risks."

Lighter Token Distribution Sparks Controversy, Zama Launches USDT Private Transfers, What is the Overseas Crypto Community Talking About Today?

What have foreigners been most interested in for the past 24 hours?