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Bitcoin Surges Past $47,000, Eyes $50K Milestone

1 min read
Source: CNBC
Bitcoin Surges Past $47,000, Eyes $50K Milestone
Photo: CNBC
TL;DR Summary

Bitcoin surged above $47,000 for the first time since March 2022, with positive sentiment returning as outflows from the Grayscale Bitcoin ETF slowed and market momentum from the S&P 500 potentially spilled over to crypto. Ether also advanced to $2,482.81. The recent price appreciation is attributed to inflows into spot ETFs, optimism around the upcoming halving, and general market momentum. If bitcoin hits the key resistance level of $48,600, it could open the door to a new all-time high.

Topics:business#bitcoin#cryptocurrency#ethereum#grayscale-bitcoin-etf#market-momentum
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  1. Bitcoin breaks above $47,000 for the first time since March 2022  CNBC
  2. First Mover Americas: Bitcoin Seen Topping $50K This Weekend  CoinDesk
  3. Bitcoin Price Spikes Above $47000 For First Time Since Bitcoin ETF Launch, Crypto Prices Rally  Investor's Business Daily
  4. Bitcoin Approaches $45000 With US Spot ETFs Showing Steady Inflows  Bloomberg
  5. Bitcoin Price Storms Toward 2-Year High  Forbes

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