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Old 28th March 2021, 07:36 PM
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Re: CRYPTO CURRENCY THREAD- Bitcoin breaks $50K

3/26/2021
What a dud: Friday’s record $6 billion expiry in the bitcoin options market turned to be a nonevent as prices for the largest cryptocurrency climbed steadily, with nary a glimpse of the feared plunge to the “max pain” point of $44,000.

For bitcoin bulls, the absence of action brought a measure of relief, with prices ticking up 4.8% on the day to about $53,800, allowing the 12-year-old digital asset to reclaim its losses from the past couple days.

With March coming to an end, one analyst said bitcoin should get “a nice tailwind” as hedge funds rebalance for quarterly reports or to manage risks.

READ MORE HERE:

https://www.coindesk.com/market-wrap...imited-uptrend
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