Bitcoin Surges Past $63,000, Ends Best Month Since 2020 with Over 5% Gain

Benzinga 2024-02-29

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Bitcoin topped $63,000, gaining over 5%, closing out its best month since December 2020. Ether also rose over 6% to $3,483, extending large February gains. Bitcoin is up 47% and ether 51% for the month. Record inflows to bitcoin ETFs, now over $2 billion total, have driven up demand. The upcoming bitcoin halving in April also adds to bullish sentiment historically. Prices surged despite earlier outflows from the Grayscale Bitcoin Trust.

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