Bitcoin on Track for Biggest Monthly Gain Since October 2021
- ETF inflows, upcoming ‘halving’ add to bullish sentiment
- Correction to mid-$50,000s would be “unsurprising”: OSL
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Bitcoin advanced for a fifth straight day, putting the biggest cryptocurrency on pace for its biggest monthly gain since the October 2021 market mania.
Bitcoin rose as much as 4.9% to $59,494 on Wednesday as of 10:15 a.m. in London. It has climbed on all but eight trading days so far in February, rallying 39% for the month. Digital-asset gains were broad, with Ether rising about 3% and Solana and Avalanche also trading higher.