Bitcoin rose 2.7% in April, extending its winning streak for the fourth straight month. Coinglass data shows that Bitcoin has risen for the first four months of the year only in 2023 and 2013.
Bitcoin fell close to the $27,000 level on May 8, indicating that some short-term traders may be booking profits. One of the reasons for the fall was the congestion in the Bitcoin network, which led Binance to halt Bitcoin withdrawals for about an hour on Sunday and roughly three hours on Monday.