Bitcoin Bull Run Looms: CAGR Soars 31% in Recent Upswing

Bitcoin has experienced a significant price surge in April and May, fueling optimism for a robust market rally. The cryptocurrency surged by an impressive 46.32% between April 9th and May 22nd, with a notable 18.48% jump occurring between May 5th and 22nd. This price recovery has driven the Bitcoin’s Compound Annual Growth Rate (CAGR) to reach 31%. Analysts attribute this renewed bullish sentiment to expanding DeFi applications and increased institutional investment.