Bitcoin touches $30K as BTC bulls well-positioned for weekly $3.2B options expiry By Cointelegraph
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Bitcoin’s (BTC) price broke above $29,800 on April 26, totaling 9.6% gains in 24 hours, reaching as high as $30,024 on Bitstamp. Some commentators argue that the 50% drop in First Republic Bank (NYSE:) (FRB) shares on April 25 has been the catalyst for Bitcoin’s rally.
Despite the positive shift, its price remains 22.5% down in 12 months, which explains why bulls are far from optimistic.
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© Reuters.
Bitcoin’s (BTC) price broke above $29,800 on April 26, totaling 9.6% gains in 24 hours, reaching as high as $30,024 on Bitstamp. Some commentators argue that the 50% drop in First Republic Bank (NYSE:) (FRB) shares on April 25 has been the catalyst for Bitcoin’s rally.
Despite the positive shift, its price remains 22.5% down in 12 months, which explains why bulls are far from optimistic.
Continue Reading on Coin Telegraph
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