Bitcoin’s surge above $70k sparked exchange inflows
Summary
Bitcoin's price fell below $60,000 in early May, causing market volatility. However, by mid-May, it had recovered to approximately $66,000, primarily due to spot market activity. On May 20, Bitcoin's price surged past $70,000, leading to increased optimism and a significant rise in exchange inflows. Transfer volumes varied greatly during this period, indicating a trading frenzy within the community.
