Bitcoin surged beyond $46,000, reaching a one-month high

Bitcoin surged beyond $46,000, reaching a one-month high, supported by signs of steady inflows into a batch of US funds for the token as well as ahead of the halving expected in April.

We are sharing thoughts from Raj Karkara, COO, ZebPay on the above announcement. We kindly request you to include it in your stories and consider it for any of your upcoming follow-up stories as well.

Raj Karkara, COO, ZebPay

“As Bitcoin achieves a remarkable milestone, surging past $46,000, it signifies a robust and evolving crypto landscape. Updates from the ETF market have fuelled this growth of Bitcoin beyond the key psychological level of $45,000. On Thursday, Feb 7th, Fidelity Wise Origin Bitcoin(FBTC) saw a net inflow of close to $ 130.1 million. Notably, Ishares Bitcoin Trust(IBIT) saw a total volume of $478.5 million on Feb 8th. Moreover, increasing inflows in the ETF market played a pivotal role in this positive market trend. The accessibility of ETFs is widening the investor base for Bitcoin.

At ZebPay, we are dedicated to delivering a secure and user-friendly platform, empowering our users to navigate and prosper in the dynamic crypto environment. This surge positively reassures our dedication to promoting financial independence and ensuring accessibility of digital assets to all. As we continue to actively participate in this evolving landscape, our steadfast commitment to innovation, security, and transparency remains unchanged.”