The crypto market today, May 5, 2026, is seeing high volatility: after a brief drop triggered by geopolitical tensions, Bitcoin (BTC) has once again surpassed the $80,000 mark. Key events of the day: Record BTC surge: Bitcoin has hit $80,000 for the first time in a long while amid aggressive buying (around $1.98 billion in 2 hours). Market cap: The total crypto market valuation stands at approximately $2.57 – $2.69 trillion, showing a growth of about 1.85% over the past week. Geopolitical impact: Earlier this week, the market dipped due to reports of tensions between the US and Iran, leading to a spike in oil prices and capital outflows from risk assets, including cryptocurrencies.