Today, May 7, the first cryptocurrency rose above the $9,500 mark.
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The price is already above the $9,485 mark reached on April 30. If movement continues, this mark will become a support level.
The following screenshot shows that the dynamics of the price of bitcoin looks pretty good compared to other crypto assets:
Amid the growth of the first cryptocurrency, the total market capitalization reached $257 billion.
According to BitMEX Research, there has recently been a tendency to increase spot trading volumes on cryptocurrency exchanges.
According to observations by Arcane Research, the indicator of open interest in bitcoin futures on the regulated exchange CME updated historic high at around $399 million on the eve.
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This may indicate an increase in interest in the first cryptocurrency from major market players.