Today in Markets

Bitcoin Powers On

BTC breaks $47K on the heels of big ETF inflows.
David C David C Feb 9, 20241 min read
market analysis Bitcoin Powers On

Bitcoin doesn't want to stop. Early this morning, the OG crypto broke $47,000 again as ETF inflows showed Thursday emerging as a landmark day for spot ETFs, marking a significant milestone since their launch.

The price climb followed on the heels of a notable 9,260 BTC increase for spot ETFs in their net bitcoin holdings yesterday—equal to over $400 million in inflows, the highest since Jan. 17th. Bloomberg ETF’s James Seyffart notes this marks the 3rd biggest day for inflows so far.

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