bitcoin, ethereum, litecoin, btc, eth, ltc, ftx
Bitcoin experienced a sudden 9% surge in value on April 25th, only to plummet by more than 8% within four hours, wiping out same-day gains. However, Bitcoin has since climbed back above $29,000. According to Reflexivity Research, three factors have contributed to the current market dynamics.
The FTX collapse and declining trading volumes on major exchanges, including Binance, have resulted in reduced liquidity and less efficient price movements, leading to increased volatility. Microsoft's strong Q3 earnings also contributed to a bullish wave in the market, with tech stocks and Bitcoin both seeing gains