Bitcoin Live Price Today: BTC Price Extends Gains to Intraday High Above $24,000! What Next?

2024-05-10 00:00 41

The post Bitcoin Live Price Today: BTC Price Extends Gains to Intraday High Above $24,000! What Next? appeared first on Coinpedia Fintech News

Bitcoin marked a magnificent recovery in a short while and withstood the extreme bearish pressure caused by the fallout of the crypto-friendly bank, SVB. While the US economy is believed to get badly hit by the recent development but the crypto space is thriving and marking new intraday highs. BTC price, especially, generated a monster-bullish candle which pushed the price beyond $23,500. 

Some while ago, the CEO of Binance, CZ announced via a post that the platform will convert the remaining $1 billion Industry Recovery Initiative funds from BUSD to native cryptos like BTC, and BNB.

With the recent updates, the BTC price which has bounced off from its realized price of $19,713, soared high beyond $23,000. 

Presently, the BTC price is fighting heavy resistance and a clear price move beyond certain levels may kick off a bull run ahead.

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