Bitcoin Rises Above $ 7,500 Ahead Of April Futures Closing On CME

Bitcoin Rises Above $ 7,500 Ahead Of Closing April CME Futures

Bitcoin Rises Above $ 7,500 Ahead Of April Futures Closing On CME

Yesterday evening, in a few hours, the price of MTC jumped from $ 7070 to $ 7770, and then quickly stabilized at $ 7550.

These changes took place the day before the April CME bitcoin futures expired. According to experts, although open interest in futures is still recovering from the recent downturn, and traders expect further volatility, the market is set for an upward movement..

The jump in the rate of the first cryptocurrency reflects the growing interest of investors in this instrument against the background of the current macroeconomic instability. Reaching the $ 7,550 mark also heralded the price recovery to early 2020 levels..

At the same time, the dynamics of Bitcoin continues to correlate with the S index&P 500, which also rose a couple of percent yesterday.

At the time of publication, the BTC course hovers around $ 7545 with a daily gain of 6.69%. Over the same period, Ether (ETH) increased in price by 4.46% to $ 190, while XRP gained 4.69%, reaching $ 0.1962.

text: Ivan Malichenko, photo: Shutterstock, chart: TradingView