The price of bitcoin continued its April surge, rebounding to prices not seen since early February. Bitcoin on Wednesday swung higher after President Donald Trump extended the ceasefire with Iran on Tuesday, lowering oil prices and boosting the stock market. Institutional participation in bitcoin has also been supportive amid a rebound in bitcoin ETF flows. Strategy (MSTR) also continues to make major purchases, juicing the price.
Bitcoin Wednesday afternoon traded around $78,600, surging 3.9% over the past 24 hours. Bitcoin peaked at $79,468 intraday Wednesday, marking its highest price since Feb. 2. Although bitcoin has trended higher in April, it still remains well below its October peak of $126,200.
Meanwhile, Strategy on Monday announced it acquired 34,164 bitcoin for roughly $2.54 billion, representing a price of about $74,395 per bitcoin. As of April 19, Strategy holds 815,061 bitcoin with a total purchase price of about $61.56 billion, or roughly $75,527 per bitcoin. #BTC #bitcoin #BTCPrice #Write2Earn #BinanceSquare $BTC
