"Bitcoin Hits Record High of $63K, Surging Amidst ETF Boost and Market Optimism"
TL;DR Summary
Bitcoin and Ether have seen significant gains in February, with Bitcoin up 42% and Ether up more than 47%, marking their best months since 2020 and 2022, respectively. The surge is attributed to supply and demand dynamics, as well as the influx of over $2 billion into various bitcoin ETFs, driving up prices. Bitcoin closed out the month at over $61,000, with record net inflows into ETFs and diminished outflows from the Grayscale Bitcoin ETF.
- Bitcoin tops $61,000 as it closes out the best month since 2020 CNBC
- Bitcoin Tops $63K for First Time Since November 2021 CoinDesk
- Crypto Hedge Fund Managers Forgo Sleep to Cope With Market Surge Bloomberg
- BTC/USD Over 60K: What the Critics Got Wrong and What to Expect From Here Nasdaq
- Bitcoin set for biggest monthly jump since 2020 amid ETF boost Reuters
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