Market Wrap: Bitcoin Heads to $61K Ahead of Options Expiry

Posted on by American Coins & Gold

Market Wrap: Bitcoin Heads to K Ahead of Options Expiry
Bitcoin rose toward $61,000 on Thursday, albeit within a choppy trading range. Analysts have mixed views about the short-term direction of BTC’s price, which is up about 2% over the past 24 hours.On Wednesday, El Salvadorian President Nayib Bukele tweeted that his government had “bought the dip,” adding an additional 420 BTC to the treasury, the equivalent of around $25 million. That purchase was one reason behind today’s price bounce. Bitcoin’s price has whipsawed over the past few days after failing to sustain the all-time high around $66,900 last week.“Some believe what is happening is a quick balancing process and…