Market Wrap: Bitcoin Faces Long Odds in Bid for Sixth Straight Monthly Gain

Bitcoin rose 7%, reversing the past few days’ losses, as some blockchain data turned bullish and new signs emerged of increasing cryptocurrency acceptancer by Wall Street firms including Goldman Sachs, Citigroup and Fidelity Investments.

  • Bitcoin (BTC) trading around $48,593.99 as of 21:00 UTC (4 p.m. ET). Climbing 8.10% over the previous 24 hours.
  • Bitcoin’s 24-hour range: $44,874.92-$49,520.72 (CoinDesk 20)
  • BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish…

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