Bitcoin's recent surge has very little to do with algos and April Fools' — here's why
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Quick Take
- People keep saying bitcoin’s rally has something to do with a fake story about a bitcoin ETF
- It probably has nothing to do with that
- Here’s what’s actually behind it
Bitcoin’s eye-popping return to $5,000, its highest level in over five months, sent financial media and analysts into a tizzy Tuesday morning as they attempted to unearth the catalyst. The theory that picked up the most steam was that the rally was tied to an April Fools’ Day piece penned by Rachel McIntosh at Finance Magnates. […]
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