Cryptocurrency News

Bitcoin Surpasses $49,000 Milestone Following Launch of Cryptocurrency ETF Trading

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Bitcoin Hits $49,000 For The First Time Since Cryptocurrency Etf Began Trading

The valuation of Bitcoin soared to nearly $49,000, marking a milestone since the creation of Bitcoin exchange-traded funds (ETFs).

Coin Desk has reported that the digital currency’s price reached $49,000 on Monday, bolstered by substantial inflows into spot Bitcoin ETFs in the preceding week.

In the previous month, Bitcoin’s price surged to $49,058.48 following the approval of spot Bitcoin ETFs.

Prior to these ETFs, Bitcoin had not breached the $48,000 mark since March 2022.

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