Home Technology Blockchain Bitcoin jumps above $41,000, challenging past week’s tight range Bitcoin had spent the past few days mired in the tightest trading range since October 2020 by Bloomberg March 16, 2022 A sudden spike in Bitcoin on Wednesday brought the largest cryptocurrency out of the narrow range where it’s spent most of the past week. Bitcoin jumped as much as 5.7 per cent to $41,691 before giving up some gains and trading at $40,915 at 10.43am in Hong Kong. Other tokens like Ether and Solana also enjoyed brief spikes. It wasn’t immediately clear what caused the sharp gains. Bitcoin had spent the past few days mired in the tightest trading range since October 2020, a phenomenon some market watchers ascribed to long-term holders stepping in to buy whenever the token dips. Meanwhile, selling by short-term investors has kept Bitcoin and other digital assets from mounting sustainable gains. Tags Bitcoin 0 Comments You might also like Crypto is feeling the market heat. Here’s what you should do Gucci to start accepting crypto payments in select US stores Bitcoin tests $39,000 in push toward high end of trading range Bitcoin falls to lowest in a month as risk aversion takes oll