GBTC - Bitcoin On The Brink: Should You Buy Now Or Wait For A Possible Correction? | Benzinga
Bitcoin's (CRYPTO: BTC) price has consistently risen for five consecutive days, positioning the premier cryptocurrency for its most significant monthly increase since October 2021.
Bitcoin's value climbed by up to 4.1% early Wednesday, reaching $59,053.
In recent days, Bitcoin has reached all-time high values when measured against several currencies, including the Japanese yen, Malaysian ringgit, Indian rupee, Taiwan dollar, South Korean won, Chilean peso, Australian dollar, Chinese yuan, South African rand, Norwegian krone, and Turkish lira.
It has enjoyed gains on nearly every trading day throughout February, accumulating a 39% increase for the month. This surge is attributed to the excitement surrounding the introduction of spot Bitcoin exchange-traded funds (ETFs) in the United States at the beginning of January, alongside growing optimism for the cryptocurrency's next "halving" event in April.
According to SoSoValue, on Feb. 27, the total net inflows for Bitcoin spot ETFs ...