10% rally in a matter of hours.
Highs of $58,448.34 helped to erase recent losses but not entirely.
Data from Bybt shows that BTC’s price fell by
1.98% last month.
That’s the first time the world’s biggest cryptocurrency has closed the month of April in the red since 2015.
A contributing factor to upbeat market activity may have been linked to an astounding surge in revenues at MicroStrategy, a company that owns
91,000 BTC.
MicroStrategy CEO Michael Saylor said: “We will continue to acquire and hold additional Bitcoin as we seek to create additional value for shareholders.”
While Bitcoin had lost its footing for most of the week, Ether has gone from strength to strength.