Bitcoin Tops $63,000

Bitcoin , Tops $63,000.<br />On Feb. 29, bitcoin advanced more than <br />5% to $63,252.82, CNBC reports.<br />The day before, the cryptocurrency reached $64,000 and then dropped back to $60,000.<br />For the month of February, <br />bitcoin is currently up 47%.<br />The figure represents a <br />sixth consecutive month of gains.<br />The last time that the currency had a similar showing was in December 2020, at which time it rose 49.5%.<br />On Feb. 28, bitcoin ETFs had "a record <br />$677 million in daily net inflows," CNBC reports. .<br />We’ve seen over $2 billion coming into <br />the various bitcoin ETFs so there’s been this <br />need to access more supply of bitcoin to build <br />these ETFs and that ends up driving prices <br />up particularly in the near term. , Sylvia Jablonski, CEO and chief investment officer <br />at Defiance ETFs, via CNBC.<br />The second reason why you might <br />be getting some extra momentum <br />in the price over the last couple <br />of days is the upcoming halving, Sylvia Jablonski, CEO and chief investment officer <br />at Defiance ETFs, via CNBC.<br />Historically the halving has led to bitcoin <br />prices increasing … past performance is not <br />indicative of future performance, but I do think <br />there’s this belief that the halving process will <br />result in the same level of price appreciation, Sylvia Jablonski, CEO and chief investment officer <br />at Defiance ETFs, via CNBC.<br />Bitcoin's next "halving" is <br />scheduled for this April