Bitcoin hovers near one-month high on ETF inflows, looming halving

(Image: Bloomberg)

Tue, 13 Feb 2024

By Elijah Nicholson-Messmer and Muyao Shen(Bloomberg) -- Bitcoin is making a run toward the US$49,000 (NZ$79,704) high reached last month when a batch of US spot exchange-traded funds began trading, supported by signs of steady inflows as well as growing attention on the so-called halving due in April.The largest digital asset rose about 5.6% at 1.44pm in New York on Friday after climbing as high as US$48,187. Smaller tokens such as Ether, Solana and Cardano also pushed upward. Bitcoin is now up 12% so far this year, beating even the so-ca...

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