Bitcoin Surges Over 20% from February Low

Deep News04-21 22:35

Data from CoinMarketCap indicates that Bitcoin's price has recovered since hitting a low of slightly under $63,000 in early February. Since then, Bitcoin has rebounded by more than $10,000 per coin. In a report, Zach Pandl of Grayscale suggested that Bitcoin may have established a near-term bottom. Pandl stated, "Many recent buyers have returned to their break-even point, which could indicate that Bitcoin has formed a lasting market bottom in the $65,000 to $70,000 range." At the $74,000 level, Bitcoin trading is considered to be essentially at break-even, according to Pandl. In previous trading, Bitcoin fell 0.5% to $75,930, while Ethereum declined 1.1% to $2,312. Data from the London Stock Exchange Group showed that the privacy coin Monero performed strongly today, rising 6.3% to over $375.

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