Key Takeaways: Bitcoin surged over $2,000 on May 1 to test $79,000 resistance after a 13% gain in April. Bitcoin’s jump triggered $120 million in short liquidations as market cap hit $1.57 trillion. Analysts warn that Federal Reserve policy shifts may trigger volatility in high-value assets. Geopolitical Friction After ending April with gains exceeding 13%, Bitcoin kicked off the new month on a high, rising by more than $2,000 at one point to test the $79,000 resistance. According to the daily chart, bitcoin—which traded just below $76,500 late Thursday—spiked to $77,340 just minutes before midnight. The leading cryptocurrency then oscillated …