{"id":11668,"date":"2024-02-11T09:55:40","date_gmt":"2024-02-11T09:55:40","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=11668"},"modified":"2024-02-11T09:55:40","modified_gmt":"2024-02-11T09:55:40","slug":"bitcoin-surpasses-48-000","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-surpasses-48-000\/","title":{"rendered":"Bitcoin Surpasses $48.000!"},"content":{"rendered":"<p><a href=\"https:\/\/coinengineer.net\/blog\/bitcoins-journey-to-1-million\/\">Bitcoin<\/a> surpasses $48.000, and continues its rise. After Bitcoin&#8217;s dramatically fall of $40.000, Bitcoin bounced back from there and continues its rise to $50.000 resistance.<\/p>\n<h1>Bitcoin is Unstoppable<\/h1>\n<div><a href=\"https:\/\/coinengineer.net\/blog\/grayscale-s-bitcoin-halving-report\/\">Bitcoin<\/a> surpasses $48,000 and Ethereum reclaimed the $2,500 level as the cryptocurrency bull market heats up. An analysis of global exchange-traded products (ETPs) with digital assets as underlying collateral revealed a 5% growth in Total Crypto Assets Under Management (AUM) in January, rising from $49.5 billion to $52.0 billion, according to analysts at Fineqia International.<\/div>\n<div><\/div>\n<div>The nine newly approved ETFs saw inflows of around $6.9 billion in January, offset by a net outflow from the Grayscale ETF. Despite this, total inflows resulted in a net inflow in excess of $1 billion for January.<\/div>\n<div><\/div>\n<div>&#8220;The light has turned green and investor traffic has started to move,&#8221; said Bundeep Singh Rangar, CEO of Fineqia, adding: &#8220;More vehicles are joining the ETF path as their confidence in digital assets grows.&#8221;<\/div>\n<div><\/div>\n<div>The price started a breathless rise after breaking the $43,500 resistance. Since the $48,800 levels we have reached are close to our last peak of $48,900, it is useful to minimize the risks we will take. As the price loses the $46,700-$47,000 levels on the hourly chart, the market structure may break and go for a minor correction. As long as these levels are not lost, $50,000 and then $52,000 are our first targets.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin surpasses $48.000, and continues its rise. After Bitcoin&#8217;s dramatically fall of $40.000, Bitcoin bounced back from there and continues its rise to $50.000 resistance. Bitcoin is Unstoppable Bitcoin surpasses $48,000 and Ethereum reclaimed the $2,500 level as the cryptocurrency bull market heats up. An analysis of global exchange-traded products (ETPs) with digital assets as<\/p>\n","protected":false},"author":6,"featured_media":9776,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[61,1766],"class_list":["post-11668","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-bitcoin","tag-bitcoin-btc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Surpasses $48.000! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Bitcoin surpasses $48.000, and continues its rise. 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