Bitcoin tops $61,000 as it closes out the best month since 2020
Publishing timestamp: 2024-02-29 12:48:58
Summary
Crypto prices rose in February, with bitcoin and ether seeing significant gains. Bitcoin is up 42% for the month, marking its best performance since December 2020, while Ether has advanced more than 47%, heading for its best month since July 2022. The month was also successful for bitcoin ETFs, with record inflows and diminishing outflows from Grayscale Bitcoin ETF. Investors attribute the gains to supply and demand dynamics, new ETFs, and the upcoming Bitcoin halving in April.
Sentiment: POSITIVE
Keywords: bitcoin/usd coin metrics, ethereum/usd coin metrics, business news, cryptocurrency, grayscale bitcoin trust (btc), technology,
Source: https://www.cnbc.com/2024/02/29/crypto-market-today.html