Bitcoin Surges to $47K Amid Inflation Fears, Traders Bet on Continued Rally to $50K
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Bitcoin has surged this year amid inflation fears, reaching $47K and adding $300B to its market cap.
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November is historically bitcoin's best month, averaging 35% returns - potentially hitting $47K.
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Options data shows traders betting bitcoin will continue climbing to $40K-$50K in December.
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Spot ETF filings are fueling expectations of incoming institutional investment.
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Large $100K+ transactions spiking shows big players consolidating bitcoin positions.