Bitcoin’s Bounce Is Anything But March Madness
Bitcoin scored in March, but where are the cheers?
Photographer: Angel Navarrete/BloombergWelcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here. In today’s edition, Michael P. Regan gives some in-game commentary on Bitcoin’s recent burst higher:
You may not have noticed it if your social-media bubble is filled with crypto pump artists (and whose isn’t these days?) but the recent rally that erased Bitcoin’s drop for the year has not been accompanied by the typical pomp and circumstance that usually comes with big gains.
A Bloomberg search for “Bitcoin” in news and Twitter postings shows that the number of references to the OG cryptocurrency has been declining steadily in recent months — even recently, as a March rally propelled its price back toward $50,000.