Bitcoin price today increased to the USD 97,000 mark.

Bitcoin price today, 2 May, saw a rise to the USD 97,000 mark. The BTC price reached USD 97,197 in the last 12 hours, achieving a new recent high after fluctuations in the crypto market. At the time of writing, i.e., 1:27 PM IST, the cryptocurrency price stands at USD 96,448.

With the recent rise, Bitcoin could cross the USD 1,00,000 mark once again after weeks of price movements.

The cryptocurrency faced a decline on Tuesday, falling below the USD 90,000 level as the crypto market faced instability. However, BTC showed a rebound, rising to USD 94,000. Further, the cryptocurrency managed to breach the USD 95,000 and USD 96,000 price levels to continue the rally.

The crypto market had seen a decline in the last 24 hours, with major cryptocurrencies like Ethereum, Cardano, and Binance Coin also witnessing price drops.

Bitcoin price had been fluctuating in the USD 80,000 to USD 90,000 range for several weeks, but the recent surge could indicate a potential shift in the market trend.

Bitcoin is currently trading at USD 96,368, showing a 24-hour gain of 5.36 percent and a seven-day increase of 11.76 percent, according to Benzinga Pro.

iPhone Production: Amid Tariff War, Apple Is Shifting Some Models From China to India for US Market: Report

According to a report by Bloomberg, Apple is planning to shift production of some iPhone models from China to India for the U.S. market as part of its strategy to diversify manufacturing and mitigate tariffs. The report, which cites people familiar with the matter, also mentions that Apple is aiming to begin assembling the iPhone 15 series in India around the second half of 2024.

The company's plans to move iPhone production to India are still in the early stages and could change, and Apple declined to comment on the report. However, the move is part of Apple's broader strategy to diversify its manufacturing footprint and reduce reliance on China for key products.

Apple's chief executive, Tim Cook, has previously stated that the company is open to shifting more iPhone production to India and Southeast Asia if needed to navigate trade issues and tariffs. In 2020, Apple began assembling the iPhone 11 in India as part of a program to increase local manufacturing and reduce tariffs on U.S. imports.

The report also notes that Apple is planning to start assembling the iPhone 15 series in India around the second half of 2024, and that Wistron Corp, a major Apple supplier, is preparing a new facility in Bengaluru, India, for the assembly of iPhone 15s.

The move to shift iPhone production to India is part of Apple's broader strategy to diversify its manufacturing footprint and reduce reliance on China for key products. The company's products are subject to U.S. tariffs on Chinese goods, which have been a point of contention in the trade war between the two countries.

Apple's plans to move iPhone production to India are still in the early stages and could change, and Apple declined to comment on the report. However, the company is open to shifting more iPhone production to India and Southeast Asia if needed to navigate trade issues and tariffs, according to comments by Cook.

In 2020, Apple began assembling the iPhone 11 in India as part of a program to increase local manufacturing and reduce tariffs on U.S. imports. The iPhone 14 series models are currently being assembled in India by Foxconn Technology Group for the local and some export markets.

Apple's iPhone production in India is expected to increase significantly in the coming years, with the company planning to start assembling the iPhone 15 series in the second half of 2024, according to the report.

The report also mentions that major Apple supplier Wistron is preparing a new facility in Bengaluru for the assembly of iPhone 15s, while another supplier, Luxshare Precision Industry, is planning to begin assembling AirPod models in Vietnam by the third quarter of 2024.

Apple's plans to move iPhone production to India are part of its broader strategy to diversify its manufacturing footprint and reduce reliance on China for key products. The company's products are subject to U.S. tariffs on Chinese goods, which have been a point of contention in the trade war between the two countries.

The report by Bloomberg also notes that Apple is planning to start assembling the iPhone 15 series in India around the second half of 2024, and that Wistron Corp, a major Apple supplier