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 BTC	42,438.64	+1,208.96	+2.93
18.30 ETH	3,140.09	+74.40	+2.43
18.20 LTC	112.49	+0.44	+0.39
18.20 BNB	424.71	+6.61	+1.58
18.20 XRP	0.76	+0.01	+1.23
18.20 ADA	0.96	+0.02	+2.20
18.20 DOT	19.40	+0.58	+3.08
18.20 DOGE	0.14	0.00	+0.78
18.20 UNI	9.50	+0.34	+8.73
18.20 LINK	14.24	+0.27	+1.93

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