COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Bitcoin Price Surges Beyond $48,000
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Bitcoin (BTC) > Bitcoin Price Surges Beyond $48,000
Bitcoin (BTC)

Bitcoin Price Surges Beyond $48,000

In Brief

  • Bitcoin price exceeds $48,000, reaching $48,200.

  • Recent rise linked to spot Bitcoin ETF performance.

  • Experts predict potential climb towards $50,000.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

Bitcoin price surpassed $48,000 at the time of writing and climbed up to $48,200. We have seen a rapid increase since the low on January 23rd. Days ago, BTC dropped to $38,555 and started to rise again on February 6th. The ongoing increase is directly related to the performance of spot Bitcoin ETFs.

Why Is Bitcoin Rising?

GBTC outflows have significantly slowed down and dwindled to around $100 million yesterday. What’s exciting is that BlackRock’s ETF, for the first time since its launch, surpassed the trading volume of IBIT over GBTC. This has created a belief among investors that a rise in spot prices supported by ETFs is starting.

Experts were suggesting days ago, even before this rise started, that such an upward breakout could continue up to $50,000. Unless there is a major negative surprise development, BTC could lead the way to the top while altcoins make relatively modest moves alongside the rise in BTCD.

It could be beneficial for investors to be cautious against movements targeting high liquidity levels, especially in futures trading.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Bitcoin Surges Forward as a Dominant Asset

Bitcoin Creator Satoshi Nakamoto Holds Astonishing Wealth in Secret Wallet

Bitcoin Faces Intense Selling Pressure as Price Drops

Bitcoin Stuns Markets with Remarkable Growth in Recent Months

Bitcoin Shatters Records and Eyes New Peaks with Strong Rally

COINTURK NEWS 9 February, 2024 - 10:00 pm 9 February, 2024 - 10:00 pm
Share This Article
Facebook Twitter
Share
Previous Article Clarifying Market Phases in Bitcoin and Cryptocurrency Investments
Next Article Understanding Bitcoin’s Historical Patterns Before Halving Events
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

Bitcoin Surges Forward as a Dominant Asset
Bitcoin (BTC)
The Decline in HMSTR Value Grips Cryptocurrency Enthusiasts
Altcoin News
Judge Torres Likely Approves Ripple and SEC’s Joint Request
Ripple (XRP)
Military Actions Trigger Massive Cryptocurrency Market Crash
Cryptocurrency News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?