March 28, 2024

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

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

Last night, in a few hours, the price of BTC jumped from $7,070 to $7,770, and then quickly stabilized at $7,550.

Such changes occurred the day before the expirationApril Bitcoin Futures CME Deadline. According to experts, although open interest in futures is still recovering from the recent downturn, and traders expect further increase in volatility, the market is set for upward movement.

The jump in the rate of the first cryptocurrency reflects the growing interest of investors in this instrument against the backdrop of the current macroeconomicinstability. Reaching the $ 7550 mark also marked the restoration of prices to the level of early 2020.

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

At the same time, Bitcoin’s dynamics continue to correlate with the S&P 500 index, which also grew by a couple of percent yesterday.

At the time of publication, the BTC rate is fluctuating around $7,545 with a daily increase of 6.69%. During the same period, Ethereum (ETH) increased in price by 4.46% to $190, and XRP increased by 4.69%, reaching $0.1962.

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