Key Takeaways:

• Bitcoin climbed to $82,000 on May 6, gaining over $5,000 in value as geopolitical tensions eased.
• The rally pushed the total crypto economy past $2.8 trillion and sparked $54.6 million in liquidations.
• 10X Research notes that while bitcoin is up 7% this month, cautious investors await a macro catalyst.

Bitcoin Momentum Builds

On May 6, bitcoin briefly tapped $82,400 as it maintained momentum that has seen it add more than $5,000 to its value since the beginning of the month. Market data showed bitcoin, which had retreated to $81,900 at the time of writing (5:53 a.m. EDT), was still up 1.6% over 24 hours, leaving it on course to log its third successive daily gain.

Bitcoin’s latest surge lifted its market…