Category: News, NFT News

Markets Surge as Bitcoin Flirts With $50,000

Ether is trading above ,600, posting double-digit gains on the week.

Monday has brought a sea of green to the crypto markets, as Bitcoin tops the $50,000 mark for the first time since Dec. 2021.

The top crypto asset briefly reached $50,256, according to Coingecko, but has since retraced slightly below the $50K mark, marking an impressive 17% gain over the past seven days. Its market cap is near $1T, currently sitting at $980B.

BTC Price

Fueling the widespread rally seems to be reports that spot Bitcoin ETFs continue to attract substantial inflows. Money also appears to be rotating into other crypto assets as investors pile into altcoins.