The Bitcoin course rose above $ 11 thousand, fully recovered after the March collapse

After a four-month recovery, the price of Bitcoin installed a new maximum of 2020 at $ 11,170 thousand, signaling to complete recovery after

Due to the introduction of global quarantine in the middle of March, cryptocurrency collapsed behind the stock markets. In a short period, Bitcoin’s course fell by almost 50% from $ 9150 to $ 4560. Over the next months, the coin gradually returned to the previous level.

Yesterday, the price of the CTC successfully overcame the mark of $ 11 thousand, returning to the predicted level. Although due to contradictory data of indicators, traders cannot say whether growth will continue against the background of the current optimism of investors or give way to anxiety with a strong rollback. At the time of publication, Bitcoin trades $ 11040 with a daily increase of 1.3%.

The uncertainty of the market does not prevent institutional investors to earn money on cryptoderivatives. Against the background of the revival of trade, an open interest in Bitcoin-futures CME Group has reached a record maximum of $ 724 million. The Bakkt platform also announced the achievement of the highest day of trade ($ 114 million) with the supply futures.

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