The cryptocurrency rose as much as 4% to $72,234 in the first hours of trading, boosted by news that the ELS, the British financial watchdog, will allow recognized investment exchanges to launch cryptocurrency-backed exchange-traded notes.
In Uruguayhe bitcoin It rose 4.38% this Monday according to the website Graveland is marketed at 2,680,552.12 pesos for sale and 2,906,208.54 for purchase.
He bitcointhe world’s most valuable digital currency, has been buoyed by a flood of money into new spot bitcoin exchange-traded funds, as well as hopes that the United States Federal Reserve (Fed) cut interest rates soon. So far this year, it has achieved gains of almost 70%, Bloomberg reported.
Capital flows into the 10 largest exchange-traded funds bitcoin U.S. spot prices slowed to a two-week low in the week through March 8, but even then reached nearly $2 billion, according to data from LSEG.
“He bitcoin has started the week with a rebound, dragging with it the rest of the cryptocurrencies“said Nick Cawley, strategist at DailyFX to the Reuters agency.
Smaller tokens like Ethereum, Solarium and Avalanche They were also appreciated this Monday. The cryptocurrency’s gains came even as stocks traded broadly lower ahead of a key U.S. inflation report.
Ether gained 2.1%, reaching almost $4,000, close to its maximum in two years. Speculation that US regulators may approve spot ether ETF listings this year has driven the price up 75% so far in 2024.
Source: Ambito
