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Bitcoin price today: Cryptocurrency rises over $50,000-mark for first time in almost 2 weeks
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Bitcoin price today climbed above $50,000 for the first time in almost two weeks as positive investor sentiment spread through financial markets ahead of the holidays. The digital alternative to cash jumped as much as 3.5% to $50,781 in New York trading before slightly paring gains. Altcoins including Ether and Solana also rose.
The world’s largest cryptocurrency by market value had fallen about 30% over the past five weeks after setting a record high of almost $69,000 in early November. News
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29.12 / 22:15
Investors love for Bitcoin ETFs strong despite cryptocurrency's slump
Bitcoin is on pace for its worst monthly performance since May, but exchange-traded fund investors are still ploughing money toward products that track the cryptocurrency’s futures. The ProShares Bitcoin Strategy ETF (ticker BITO) has taken in more than $40 million so far in December, its third straight monthly infusion, according to data compiled by Bloomberg.
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