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  • NEWS Desk Global

BITCOIN SURGES IN BIGGEST WEEKLY RALLY IN FOUR MONTHS




On Friday, Bitcoin experienced a 5% increase, reaching its highest level in a month. Analysts attributed this surge to increased buying activity ahead of April's halving event and a reduction in outflows from exchange-traded funds. The price peaked at $47,705 during the session, the highest since January, following regulatory approval for the first U.S. listed spot bitcoin exchange-traded products.

Currently, the world's largest cryptocurrency is up by 3.5% at $46,946, marking a weekly rise of 10%, the most significant weekly increase since October. Ether also saw a 2.5% increase, reaching $2,486.

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