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Top Stories This WeekBitcoin bulls attack $57,000, and altcoins rally as April comes to a close
A sudden bullish surge took traders by surprise as April drew to a close, with Bitcoin staging a 10% rally in a matter of hours.
Highs of $58,448.34 helped to erase recent losses — but not entirely.
Data from Bybt shows that BTC’s price fell by 1.98% last month. That’s the first time the world’s biggest cryptocurrency has closed the month of April in the red since 2015.
A contributing factor to upbeat market activity may have been linked to an astounding surge in revenues at MicroStrategy, a company that owns 91,000 BTC.
MicroStrategy CEO Michael Saylor said: “We will continue to acquire and hold additional Bitcoin as