Posted 2/28/2024, 9:53:00 AM
Bitcoin Soars Past $59K to 2021 Highs on ETF Demand and 2024 ‘Halving’ Hopes
- Bitcoin price surged past $59,000 on Wednesday, reaching levels not seen since late 2021
- Crypto is up 40% so far this year, fueled by bitcoin ETF inflows and upcoming "halving event"
- Halvings have previously coincided with crypto bull runs; some predict $100k bitcoin this year
- Crypto-related stocks like Coinbase, MicroStrategy, Marathon Digital, and Riot Platforms rising in premarket trading
- Bitcoin Fear and Greed Index shifted into "extreme greed" territory on Tuesday from "greed"