Prior to today’s upside action, bitcoin had been locked in a very tight range on either side of $28,000 for about 10 days. There’s no apparent news behind Monday’s sizable gains. Looking ahead, Wednesday will see the release of the Consumer Price Index (CPI) for March, one of the more important pieces of economic data prior to the U.S. Federal Reserve’s early May meeting at which many are betting the central bank might end its more than year-long series of interest rate hikes.
Crypto-Related Stocks Surge as Bitcoin Price Hits Highest Since June 2022
