Bitcoin surpasses $59,000 mark for the first time

Bitcoin surpasses $59,000 mark for the first time

Bitcoin experienced its fifth consecutive day of surge, nearing the $60,000 mark on Wednesday. This upward momentum was fueled by inflows into new U.S. spot bitcoin exchange-traded products, propelling it by 39.7% throughout February. If sustained, this would mark Bitcoin’s most substantial monthly rally since December 2020. As of the latest update, Bitcoin showed a 4.4% increase, reaching $59,259, its highest level since December 2021. Simultaneously, Ether, another leading cryptocurrency, witnessed a 2.2% rise to $3,320, hitting yet another two-year peak. Investors and traders have been increasingly drawn to Bitcoin, particularly in anticipation of April’s halving event. This event is...