Bitcoin tops $47,000 in a big comeback to end the week
Publishing timestamp: 2024-02-09 11:55:39
Summary
Bitcoin's price breached the $47,000 level for the first time since the launch of spot bitcoin exchange-traded funds. The positive sentiment is returning as outflows from Grayscale Bitcoin ETF slow down and the momentum from the S&P 500 spills over to crypto. Publicly traded companies in the crypto space, such as Coinbase and Microstrategy, are also seeing gains. Bitcoin is nearing a key resistance level, and if it surpasses it, it could reach a new all-time high.
Sentiment: MIXED
Tickers: BTC.CM=, ETH.CM=, MSTR, RIOT, COIN, MARA,
Keywords: breaking news: markets, coinbase global inc, marathon digital holdings inc, grayscale bitcoin trust (btc), business news, investment strategy, ethereum/usd coin metrics, breaking news: investing, technology, bitcoin, microstrategy inc, riot platforms inc, bitcoin/usd coin metrics, markets, cryptocurrency,
Source: https://www.cnbc.com/2024/02/09/bitcoin-breaks-above-47000-for-the-first-time-since-march-2022.html