Bitcoin Sees Biggest Monthly Gain in 12 Months Amid Market Uncertainty

Bitcoin has closed April with its strongest monthly gain in 12 months, ending a streak of five straight red monthly candles. The cryptocurrency's 12% increase in April came after a dry spell, but still fell short of its historical average for the month.

The Crypto Fear & Greed Index registered a reading of 39 on Friday, firmly in 'Fear' territory, indicating that many investors remain cautious despite the month's upbeat finish. Analysts are divided on what happens next, with some warning of a possible price decline and others predicting further gains.