Bitcoin Starts May at $78K with Modest Gain

Bitcoin started May at $78,450, up 2.4% from the previous day's close.

The daily volume reached a high of $33.8 billion, with a total market capitalization of $1.565 trillion.

The first-day-of-month candle is being closely watched by traders who use monthly opens as structural reference points.

Bitcoin's price gain against most fiat currencies ranged from 2.3% to 2.5%, while it gained approximately 2.8% against gold.