Bitcoin Soars: 46% Surge Sparks Bull Market Optimism

Bitcoin’s remarkable price growth, exceeding a 46% surge within April and May, has captured market attention. Experts attribute this rise to the booming DeFi space and growing institutional investment. This surge is further reflected in Bitcoin’s Compound Annual Growth Rate (CAGR) which has seen an impressive jump from 7% in early April to 31%. Analysts like Axel Adler Jr., suggest that Bitcoin’s CAGR, though still below historical highs, indicates a potential for sustained growth.