Bitcoin is growing for the sixth month in a row, ending March with about 30% growth. Over the past six months, the first cryptocurrency has risen in price more than five times, updating highs above $ 60,000 in March.
Historical data shows that in April over the past 10 years, Bitcoin has risen by an average of 51%. If this scenario is repeated, BTC by the end of the first month of the second quarter may turn out to be about $ 80,000, writes ttrcoin.
“Bitcoin fell only twice in April – in 2014 (-6%) and in 2015 (-4%). In May, this also happened only twice: in 2015 (-1%) and in 2018 (-18%), ”said Danny Scott, head of the CoinCorner exchange.
Moreover, earlier bitcoin was losing positions, being in a bearish cycle, now we are in a bullish period, and the growth momentum is steadily forming every week, he added.
From the latest news. Institutional Bitcoin derivatives trading platform Bakkt has launched a mobile app that allows you to store, buy and sell the first cryptocurrency.
The Chicago Mercantile Exchange (CME) announced the launch on May 3 of a new product based on the first cryptocurrency – Micro Bitcoin futures. The new futures will be one tenth of BTC. CME believes that the smaller contract will hedge price risks in the spot market and implement trading strategies in the leading cryptocurrency in an “efficient and cost-effective manner.”
America’s oldest bank, BNY Mellon, published a report that presented the results of a study evaluating Bitcoin as a digital gold and store of value.
“Bitcoin is gaining ground with increasing business adoption. Visa announced this week that it will integrate transactions based on the USD Coin (USDC) stablecoin into its ecosystem. In the coming months, payment giant PayPal will provide users with the ability to pay for purchases with Bitcoin, Bitcoin Cash, Ethereum and Litecoin at 29 million points of sale, ”said the FxPro team of analysts.
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