Bitcoin hits $US50,000 for first time in more than two years
Cryptocurrency / 12.02.2024

Bitcoin hits $US50,000 for first time in more than two years

The cryptocurrency is benefitting from an inflow into newly approved spot bitcoin ETFs as well as the S&P 500’s record rally to start 2024.

Global stock indexes also edged higher on Monday, as traders looked for cues on when the US Federal Reserve might begin cutting interest rates. Analysts and financial market expectations both point to May as a potential start for rate cuts this year.... [2119 chars]

Published by: The Australian Financial Review

Read full article here: https://www.afr.com/markets/currencies/bitcoin-hits-us50-000-for-first-time-in-more-than-two-years-20240213-p5f4e8

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