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Bitcoin rebounds as bulls eye $100K and bears scramble to cover short positions

  • Bitcoin's value rose over ten percent between April 20 and April 24, holding above $90,000.
  • A weakening US dollar and growing economic concerns underpinned this price increase.
  • Significant inflows totaling over $2.2 billion entered spot Bitcoin ETFs during this period.
  • Bitcoin options open interest increased 25% to $37.92 billion by April 24.
  • Maintaining the price above $90,000 pressures bears to cover their short positions.
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Cointelegraph broke the news in on Thursday, April 24, 2025.
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