Lunar New Year

Bitcoin

James

Lunar

Coin

<ul class="news-points"> 
 <li>Bitcoin surges for the 7th consecutive day, currently trading above the $48K mark.</li> 
 <li>The increasing investor interest in ETFs, marked by the surging inflows, has substantially impacted the BTC price.</li> 
 <li>In addition, the upcoming halving event and the prevailing Lunar New Year holidays have also influenced the surge.</li> 
</ul> 
<a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/">Bitcoin</a>, the pioneer of cryptocurrencies, is nearing the long-anticipated $50K mark, with increasing investor interest in the newly launched Bitcoin ETFs. According to a recent Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-02-12/bitcoin-btc-close-to-longest-winning-run-in-a-year-amid-etf-inflows" target="_blank" rel="nofollow">report</a>, Bitcoin is ascending on a positive track, achieving daily gains for seven consecutive days. 
Over the past few days, Bitcoin ETF inflows have been spiking, mimicking the first few days of the ETF launch. After one month of the launch, ETF inflows surpassed $9 billion, hitting $405 million in a single day. Bloomberg’s Senior ETF Analyst James Seyffart shared updates on the third-largest inflow since the launch despite the surging outflow of Grayscale’s GBTC. 
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 Cointucky Derby Update. BIG net inflow day of over $400 mln. With almost 8 of the newborn nine took in money yesterday. <a href="https://twitter.com/search?q=%24FBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$FBTC</a> officially crossed $3 billion in AUM. <a href="https://twitter.com/search?q=%24GBTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$GBTC</a> outflow streak continues with …
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The post <a href="https://coinedition.com/bitcoin-nears-50k-mark-surges-for-the-7th-consecutive-day-report/">Bitcoin Nears $50K Mark, Surges for the 7th Consecutive Day: Report</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin Nears $50K Mark, Surges for the 7th Consecutive Day: Report

Coin Edition

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