On Monday, Bitcoin's price surged above $49K, reaching its highest level since Dec. 27, 2021, driven by significant inflows into Bitcoin ETFs. The cryptocurrency eventually topped $50,000 for the first time in more than two years, marking a 15.7% increase so far this year. This milestone was supported by strong spot Bitcoin ETF inflows late last week, which attracted over $1.1 billion in net fresh funds. Additionally, the broader cryptocurrency market saw positive movements, with Ethereum gaining over 5% as Franklin Templeton announced its entry into the spot Ethereum ETF market.
#Bitcoin topped $50K Monday amid accelerating ETF inflows. $ETH gained over 5% as Franklin Templeton joined the spot Ethereum ETF race. @sndr_krisztain reports https://t.co/UJWpBt5qIh
The price of #Bitcoin surpassed $50K on Monday, a level it hadn’t reached since December 2021, as money continues to pour into spot bitcoin ETFs. By @NelWang https://t.co/Ct05AcLK57
.@Bitcoin hits $50k level for first time in more than two years The cryptocurrency has risen some 15.7% so far this year, on Monday touching its highest since Dec. 27, 2021. https://t.co/RUtw3QyXUi
🚀 $BTC topped $49,000 Monday after strong spot #bitcoinETF inflows late last week. The price action is supported by last week's strong inflows into the ETFs, attracting over $1.1 billion net fresh funds amid slowing outflows from incumbent funds. https://t.co/A6F0IvUjW2 https://t.co/O9SMmIwANH
The price of #bitcoin Monday morning rose above $49K to its highest price since Dec. 2021 as ETF inflows begin to overwhelm supply. @sndr_krisztian reports https://t.co/yw72IopVZe