Bitcoin up $1600 today
A week like this has to make Bitcoin traders wish they had a weekend to catch their breaths.
That doesn’t look like it will be the case as Bitcoin jumped $350 in the past 30 minutes to $12,270.
It made the parabolic move to $13900 on Wedneday, crashed down to 10330 yesterday but has now jumped nearly 20% from the low.
June CME Bitcoin futures expired earlier today but the volume had already moved over to the July contract so I don’t see the roll as a real factor.
Craig Wright is in court today trying to prove that he’s Satoshi but lost his early-Bitcoin addresses. In theory you could argue that’s bullish but no one believes he’s Satoshi and everyone already assumed those accounts were lost.