Bitcoin hits $57K in surprise surge to almost erase April BTC price crash
April 30, 2021. Summarized by summa-bot.
Compression ratio: 42.2%. 1 min read.
Bitcoin has hit $57,000 again with a spot-driven surge.
Bitcoin (BTC) retook $57,000 on April 30 as a surprise bullish end to month took traders by surprise.
Data from Cointelegraph Markets Pro and Tradingview showed BTC/USD climbing 5% in hours on Friday to come within inches of a green monthly close for April.
On social media, traders pointed to this month's $4. 2 billion options expiry being out of the way and thus allowing Bitcoin room to move.
Just days ago, Bitcoin was on its way to sealing its biggest April losses since 2015 in a stark contrast to the general trend of the past twelve years.