Bitcoin Breaks Above $57,000 As April Ends, Altcoins Continue To Rally

Bitcoin Breaks Above $57,000 As April Ends, Altcoins Continue To Rally


Bitcoin and the whole crypto market turned green at the close of April. The run-up to this month’s $4.2 billion options expiry was uneventful, with no signs of dissent.

After a brief fall below the $53,000 support level on April 29, Bitcoin rallied 10% by midday to reclaim its previous high of $57,400.

BTC/USDT 4-hour chart. Source: TradingView

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Mainstream Acceptance Increase

MicroStrategy CEO Michael Saylor’s announcement that the company saw a 52% increase in sales relative to the same quarter last year would likely bolster the case that businesses should keep Bitcoin on their balance sheet to fight inflation and attract new investors.

Central bank digital currencies (CBDC) are also gaining momentum, with the Bank of England announcing plans to introduce a digital pound, and the French central bank making news on April 29 after settling a $100 million Euro bond using a CBDC hosted on the Ethereum

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