Summary
Bitcoin has reached over $45,000 for the first time in almost a month due to increased investor interest and rising risk appetite in financial markets. This surge comes after the US exchange-traded funds holding the digital currency have experienced consistent cash inflows. Despite initial outflows from the Grayscale Bitcoin Trust, the funds have seen net inflows for nine consecutive trading sessions.
Key Points
1. Bitcoin reached a new high of $45,600, its highest value in almost a month.
2. The US exchange-traded funds holding Bitcoin have been experiencing a consistent inflow of cash from investors.
3. Risk appetite is increasing across financial markets, contributing to the rise in Bitcoin’s value.