Bitcoin’s recovery from Monday’s low is gathering pace, with the options market pricing in a double-digit probability of an above $50,000 by the month-end.
The leading cryptocurrency by market value is currently trading at $38,300, representing a nearly $4,000 or 11% gain on a 24-hour basis, according to CoinDesk 20 data.
The price bounce has erased a significant chunk of losses observed earlier this week. Bitcoin dropped from $40,000 to $30,305 on Monday on heavy selling in the spot…
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