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The cryptocurrency market is demonstrating a bullish trend after Bitcoin ($BTC) returned to the $81,000 mark this week. Coinbase has published data on the COIN50 index for April, showing strong momentum in the cryptocurrency market over the past month.
According to official Coinbase Institutional data, the COIN50 index rose by 11% over the last month. One of the main reasons for this growth is the easing of geopolitical tensions in the Middle East after the end of the largest war between the US and Iran in a decade and the subsequent ceasefire agreement.
Earlier this year, Bitcoin prices fell below $70,000, causing an initial shock, but afterward the cryptocurrency market recovered. In April, Bitcoin prices increased by approximately 16%, and Ethereum prices by 14%. approx. by
#BTCPullback
$ETH