Bitcoin Price Ends Turbulent Week as Bull Run Fades
Bitcoin prices fluctuated significantly during the week ending 29th April, reaching a yearly high of $470 before falling below $440. Global bitcoin prices enjoyed a strong rally at the beginning of the week, rising 4.2% from $451.10 at 12:00 UTC on 22nd April to a high of $470.16 at 18:00 UTC on 26th April. This price represented the digital currency’s strongest value since 7th December, 2015, when it reached an inter-day high of $470.88, CoinDesk BPI data shows. Both a short squeeze and retail investors helped fuel this rally, Petar Zivkovski, director of operations at bitcoin trading....
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This week we saw volatility that was a lot, even for the relatively unstable Bitcoin market. The week started at a low of $230, spiking all the way up to the $260 range that totals to a nearly 13% increase in price. Like many people expected, however, the price quickly fell back down and is currently hovering at just above $240, coinciding with the prediction I made in last week’s Market Wrap-Up. Despite all the turbulence in price Bitcoin has received this week, Bitcoin still ends the week with approximately 4.5% net gain.
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