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Bitcoin nears key level that capped previous January rally
Bitcoin is mostly holding steady in the $74,000 to $75,000 range and is up 9% in April, following a meager 1.8% return in March, which at least broke a bad streak of five consecutive months in the red. Vytautas Mackonis, ALCUM COO, told Sherwood News that bitcoin’s April return so far indicates a broader alignment with cyclical assets rather than defensive ones. “This relative performance suggests improving risk sentiment, supported in part by ongoing US-Iran ceasefire diplomacy, as well as signs of stabilization in global growth expectations,” Mackonis said. Now, however, bitcoin’s price could face another ... (full story)
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