Updated Bitcoin prices outlook for 2024

Bitcoin rally continues: Price climbs above $60k for the first time since November 2021

February 28, 2024 10:41 AM EST

The price of bitcoin has pushed above the $60,000 mark during the US session on Wednesday, the first time it has risen above the level since November 2021.

There has been a strong rally in the cryptocurrency this week, driven by strong inflows into US-based ETFs, which has been noted... More

Analysis - US SEC expected to drag its feet on new wave of crypto ETFs

February 27, 2024 6:07 AM EST

By Suzanne McGee and Hannah Lang

(Reuters) - Buoyed by the successful launch of U.S. bitcoin exchange-traded funds (ETFs), asset managers are lining up to list a second wave of more complex crypto products, setting the stage for another tussle with the U.S. securities regulator.

The Securities and Exchange Commission (SEC) rejected spot bitcoin ETFs for more than a decade, hoping to protect investors from market manipulation. But the SEC was forced to approve them last month after Grayscale Investments won a court challenge. A federal appeals court ruled that the SEC had not sufficiently... More

Bitcoin clears $56k as spot ETFs see sustained inflows

February 27, 2024 4:43 AM EST

Investing.com-- Bitcoin prices rose past key levels on Tuesday, boosted largely by signs of sustained capital inflows into spot exchange-traded funds which were launched earlier this year.

The worlds largest cryptocurrency jumped nearly 10% to $56,256.9 by 21:48 ET (02:48 GMT), trading at its highest level in more than two years. The token was now less than $14,000 away from a lifetime high hit during a bull run in late-2021.

World no.2 crypto Ethereum rose 3.6% to $3,217.48- its highest level since early-2022.

Gains in... More

Bitcoin scorches past $57,000 as big buyers flock in

February 26, 2024 9:35 PM EST

By Hannah Lang and Amanda Cooper

WASHINGTON/LONDON (Reuters) -Bitcoin hit a two-year high on Tuesday, on track for its biggest two-day rally this year, on signs large players were buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022.

Bitcoin has rallied more than 10% in two sessions, helped by Monday's disclosure from crypto investor and software firm MicroStrategy that it had recently purchased about 3,000 bitcoins for an outlay of $155 million.

The original and largest cryptocurrency by market value has also been buoyed recently by the approval of bitcoin-owning exchange-traded funds (ETFs)... More