Business & Economy · 29 views
Bitcoin drives back toward $80K—but one billionaire may be fueling much of the rally
Bitcoin’s price has climbed roughly 15% over the past month, and crossed above $79,000 over the weekend.
Summary
Bitcoin’s price has climbed roughly 15% over the past month, and crossed above $79,000 over the weekend. The oldest cryptocurrency is now sitting at around $77,000, which is the highest the token has traded since an early February selloff, but it’s unclear how durable this latest rally will prove to be. Markets more broadly have enjoyed a bullish April, with the S&P 500 enjoying a nearly 9% gain, but Bitcoin investors may have gotten an extra boost thanks to billionaire Michael Saylor.
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