Home Cryptocurrency Bitcoin (BTC) Price Surpasses $50,000, Signaling End of Crypto Winter

Bitcoin (BTC) Price Surpasses $50,000, Signaling End of Crypto Winter

by SuperiorInvest

However, action in recent weeks has seen GBTC outflows slow, while sizable inflows into new products have continued. On February 8, Grayscale dumped just 1,850 bitcoins, while the other nine ETFs added nearly 11,000 tokens to their funds. Then on February 9, Grayscale lost 2,252 coins, while the other nine ETFs added more than 13,000. For perspective, only 900 newly mined bitcoins hit the market each day (which will soon decrease to 450 per day when the Bitcoin halving occurs in April).

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