Bitcoin once again exceeded 47 thousand dollars
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The value of the Bitcoin cryptocurrency exceeded 47 thousand dollars, which is the highest indicator since March 2022.
It is reported CNBC.
The flagship cryptocurrency’s price rose more than 4% to $47,307 on Friday, the first since March 2022, according to Coin Metrics.
The second most popular cryptocurrency in the world Ethereum rose in price by 3% to $2,511.75.
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Bitcoin earlier rose to $47,708.00 for the first time since Jan. 11, when the price briefly touched $49,058.48 in choppy trading following the launch of the spot bitcoin ETF. Before that, Bitcoin had not reached $47,000 since March 2022.
“The recent rise in the price of bitcoin can be explained by the recent inflow of funds into spot exchange funds, the imminent prospect of a halving (halving of the reward to miners for mining cryptocurrency – ed.), which, as a rule, causes optimism among investors, since after that prices often rise sharply”, – said Silvia Jablonski, CEO of Defiance ETFs.
The edition indicates that Bitcoin is nearing a key “resistance level” identified by research firm Fairlead Strategy earlier this week at $48,600.
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