Good morning, and welcome to our rolling coverage of all things cryptocurrency, including price, regulation, innovation and financial crime. Bitcoin is currently priced at $8,866 after hitting a high of $9,003 late last night.
Industry experts are now speculating that with the US tax deadline behind it, BTC’s recovery to $20,000 will now kick on. Tom Lee of Fundstrat Global Advisors told CNBC: “We believe the ‘winter’ is ending for Bitcoin, as the crypto to fiat pressures from tax day subside, and as headline risks seem to be fading.”
Pointing to the CoinsharesCrypto ETF – a leading indicator for bitcoin prices – he said: “We believe large institutional investors globally use this ETF as a way to quickly gain exposure to Bitcoin. “Hence when shares rise, big money is buying bitcoin.”
Updates below throughout the day. Read more from express.co.uk…
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