Was Bitcoin’s April Surge Speculative or Structural? CryptoQuant Offers Insights

April ended with bitcoin (BTC) posting a 12% increase – the biggest such gain in a year. Although the asset had corrected slightly to $75,000 by the last day of the month, market participants wondered whether the rally was structural or speculative. To that end, the market research firm CryptoQuant has offered insights into what drove the rally and the possibility of a similar trend in bitcoin’s price in May. O…