Bitcoin is set to end the month strong and go into April even stronger. Historically, April has been a bullish month for Bitcoin and all metrics point to this one being yet another big conquest for the digital asset.
Just days to the end of what has been a flat month, Bitcoin is on the move, topping $58K at press time. The 5% jump comes following news that Visa has completed its first cryptocurrency transaction.
After months of development, on Monday 29, it was reported that Visa finally became the first major payment network to incorporate crypto into its network. This will allow for payment settlements to be done in cryptocurrencies. As a major step towards mass adoption, the crypto community has celebrated this with a rally.
This sets the stage for a historic month. As shared by the Twitter account, ‘Bitcoin Archive’, Bitcoin has only missed twice in its history to blossom in the month of April. Of the times it has rallied, only twice has it not gained by double-digit percentages.