top of page
  • Blockchain Timeline

Bitcoin rebounds 15.50% to close first green weekly candle after 4 weeks in red

Bitcoin price has risen 15.50% since the low on May 1st. According to Coinglass research, May has historically been a mixed month for Bitcoin, with 6 red monthly closes compared to 5 green so far.


The market is interpreting FED's press conference last week as dovish, which combined with Friday's weaker than expected employment numbers, increased the possibility of further interest rate cuts this year.


Positive sentiment is leading all US stock indexes and Cryptos to open green this morning.

Index

Daily Change

Bitcoin

1.89%

S&P 500 futures

0.27%

Nasdaq futures

0.26%


Comments


bottom of page