Bitcoin and crypto markets enjoyed a strong bounce in the last week returning to the form that has seen the Bitcoin price rise ~96% so far this year and Ethereum (ETH) rise ~302%. This week, BTC is up ~18%, ETH is up ~35% - and the third-largest asset on the Brave New Coin market cap table, Binance Coin (BNB), is up ~29%.
Trading in the Bitcoin market this week revolved around a major options expiry on April 29th. Around US$4.2 billions worth of options expired last Friday. The week began strongly with the BTC price rising by 5% as trading opened and approached US$54,000 by Tuesday. US$54,000 was the Max Pain price for the bitcoin Options Contracts market at the expiry on Friday and after the big pickup on Monday the price of BTC ranged around that level in the lead up to it.
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