Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Analyst: ETF hopes reignite, Bitcoin once again aims for $50,000

Analyst: ETF hopes reignite, Bitcoin once again aims for $50,000

2024/02/10 02:05
BTC-0.20%

Some analysts have stated that Bitcoin has recovered most of the losses recorded when the ETF was approved nearly a month ago as a selling news event. Hopes for an expanded investor base have been reignited, with cryptocurrency traders once again setting their sights on a price of $50,000. On Friday, Bitcoin rose by about 6.3%, briefly reaching over 48,000 yuan. Since December 2021, the trading price of this cryptocurrency has not exceeded $50,000. Currently, the accessibility of ETFs is expected to expand the token's investor base and so far new funds have attracted around $8 billion in net inflows. However, since conversion, Grayscale has lost more than $6 billion indicating that funds are not all flowing in one direction.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
Sources: Polymarket is valued at at least $3 billion in its latest funding round, with a few investors submitting letters of intent valuing it at $10 billion.
2
Polymarket and Kalshi are considering new funding rounds at valuations of $9 billion and $5 billion, respectively.

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,822.05
+0.40%
Ethereum
Ethereum
ETH
$4,749.72
+5.12%
XRP
XRP
XRP
$3.11
+2.00%
Tether USDt
Tether USDt
USDT
$1
+0.03%
Solana
Solana
SOL
$243.57
+2.82%
BNB
BNB
BNB
$926.12
+2.00%
USDC
USDC
USDC
$0.9998
+0.02%
Dogecoin
Dogecoin
DOGE
$0.2838
+8.53%
TRON
TRON
TRX
$0.3535
+1.34%
Cardano
Cardano
ADA
$0.9279
+2.80%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter