Bitcoin once again exceeded 47 thousand dollars

Bitcoin once again exceeded 47 thousand dollars


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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