From Fusion Media Limited:

Bitcoin rose 5% to one-month highs on Friday, reaching a session peak of $47,705. The world’s largest cryptocurrency was last up 3.5% at $46,946. Ether was up 2.5% at $2,486. The jump in price was attributed to a slowing in recent ETF outflows and a burst of buying ahead of April’s halving, as analysts explained. Policymakers have since pushed back against rate cuts, but risk assets like stocks have risen, with bitcoin resuming its march higher.
The next halving is expected in April, which is designed to slow the release of bitcoin. With bitcoin having limited supply and most of it already mined, future trading patterns are anticipated based on historical halving data and some focus on U.S. election years. Some ETF outflows had eased, particularly from the Grayscale Bitcoin ETF, the largest by assets, which supports spot crypto prices. The slowing of outflows indicates positive trends for BTC ETFs.
When the SEC approved ETF listings in January, Grayscale, whose existing bitcoin trust was converted to an ETF at the time, witnessed significant outflows. However, these outflows have slowed significantly in recent weeks. The recent rise in the dollar has acted as a drag on crypto, but the negative effect is expected to wane over time.



Read more: Bitcoin surges in biggest weekly rally in four months By Reuters