Bitcoin Exceeds $41,000 after Overnight Recovery

The Bitcoin price continues to hover around the $40,000 mark. Today (April 21) the Bitcoin price increased by 0.62% to $41,422.26.

Bitcoin’s positive performance came after U.S. stock markets closed mixed on Wednesday (April 20). The DOW rose 249 points, in contrast to the S&P 500 Index and NASDAQ Index. This was driven by the strong performance of listed companies, including Procter & Gamble (P&G) and IBM Corp, after these companies released better-than-expected results.

  • The Dow Jones Industrial Average rose 249.59 points, or 0.71%, to close at 35,160.79.
  • The S&P 500 fell 2.76 points, or 0.06%, to close at 4,459.45.
  • The NASDAQ fell 166.59 points, or 1.22%, to close at 13,453.07.

On the bitcoin side, there was a strong recovery late in the night after the price fell below $39,000 yesterday.

Although no one knows the exact cause of this price volatility, however, the price reversal can be seen as a good thing. Experts believe that the Bitcoin price went down to test support before there was a strong bounce, suggesting that this was only due to short positions.

The Spot Market is Open

Thursday, April 21, 2022

Crypto
Updated at
USD
Price

Change

%Change
18.30 BTC42,438.64+1,208.96+2.93
18.30 ETH3,140.09+74.40+2.43
18.20 LTC112.49+0.44+0.39
18.20 BNB424.71+6.61+1.58
18.20 XRP0.76+0.01+1.23
18.20 ADA0.96+0.02+2.20
18.20 DOT19.40+0.58+3.08
18.20 DOGE0.140.00+0.78
18.20 UNI9.50+0.34+8.73
18.20 LINK14.24+0.27+1.93

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