Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-price-surges-beyond-48000/" data-wpel-link="internal">Bitcoin Price Surges Beyond $48,000</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/critical-hours-for-cryptocurrencies-as-markets-open/" data-wpel-link="internal">Bitcoin</a> price surpassed $48,000 at the time of writing and climbed up to $48,200. We have seen a rapid increase since the low on January 23rd. Days ago, BTC dropped to $38,555 and started to rise again on February 6th. The ongoing increase is directly related to the performance of spot Bitcoin ETFs.</p> 
<h2 style="text-align: justify" id="why-is-bitcoin-rising">Why Is Bitcoin Rising?</h2> 
<p style="text-align: justify"><strong>GBTC</strong> outflows have significantly slowed down and dwindled to around $100 million yesterday. What’s exciting is that BlackRock’s ETF, for the first time since its launch, surpassed the trading volume of <strong>IBIT</strong> over GBTC. This has created a belief among investors that a rise in spot prices supported by ETFs is starting.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="wp-image-313085 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/BTCUSDT_2024-02-09_21-45-01.png" alt="" width="1217" height="561"></p> 
<p style="text-align: justify">Experts were suggesting days ago, even before this rise started, that such an upward breakout could continue up to $50,000. Unless there is a major negative surprise development, BTC could lead the way to the top while altcoins make relatively modest moves alongside the rise in BTCD.</p> 
<p style="text-align: justify">It could be beneficial for investors to be cautious against movements targeting high liquidity levels, especially in futures trading.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-price-surges-beyond-48000/" data-wpel-link="internal">Bitcoin Price Surges Beyond $48,000</a></h5>

Bitcoin Price Surges Beyond $48,000

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