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Bitcoin Surges Above $43K for First Time Since May
The latest rally took bitcoin's year-to-date return to 48%, far exceeding the Standard & Poor's 18% gain.
Updated Mar 6, 2023, 3:25 p.m. Published Aug 6, 2021, 6:54 p.m. 1 min read
The price of bitcoin rose above $43,000 for the first time since May.
As of press time, the largest cryptocurrency by market value was changing hands at around $42,901, up 4.9% over the past 24 hours.
The latest rally took bitcoin's year-to-date return to 48%, far exceeding the Standard & Poor's 18% gain.
Cryptocurrency traders and analyst say a risk-taking mood has returned to digital-asset markets after a bear market that saw prices fall below $30,000 from an all-time high in April near $65,000.
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Investors turn to HYPE and XRP funds while dumping bitcoin and ether ETFs.
Was Sie wissen sollten:
- Investors yanked over $1 billion from bitcoin ETFs last week and over $215 million from ether funds, signaling waning appetite for broad large-cap crypto exposure.
- Instead, the capital is rotating into select altcoins, with new HYPE spot products drawing about $72 million and XRP and SOL ETFs attracting $22 million...
