On May 8, Bitcoin (BTC) exhibited a remarkable increase of 7.33%, reaching a daily high of $104,175. The cryptocurrency has now accumulated nearly a 22% rise since April 21, signaling a potential bullish trend. Despite the positive price action, Bitcoin’s implied volatility remains low, which could suggest upcoming opportunities for substantial price movements. Investors and traders alike are watching closely as Bitcoin continues to show resilience in a dynamic market environment. Expect further developments as BTC navigates its current landscape.