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Crypto

Bitcoin posts biggest monthly gain in a year; S&P 500 hits record high

Bitcoin rose about 11.9 percent in April, posting its biggest monthly gain in a year. It ended April above $76,000 and was trading around $79,000 on May 4. U.S. stocks moved more strongly, with the S&P 500 hitting a fresh intraday record near 7,220 points, helped by better-than-expected results from Google and Apple. Traders cited mixed technical signals for bitcoin, including resistance around the 21-week EMA and potential tests of mid-$60,000 support.

Crypto

Bitcoin rises despite worsening U.S. indicators as $73,000 hopes grow

Bitcoin extended gains and regained the $72,000 level despite signals of rising U.S. inflation and slowing growth. The move was seen as reflecting investors shifting toward scarce assets amid growing recession risk and a weaker dollar. Markets also weighed expectations of liquidity support and doubts over the Federal Reserve’s ability to prevent a downturn without stoking inflation. Rising oil prices and fragility in a U.S.-Iran ceasefire were cited as risks that could undermine risk appetite.