From Investing.com:

Bitcoin is on track for its biggest monthly gain in three years, reaching $62,205 with a 47% increase since December 2020. This rise is fueled by new investors entering the market through spot bitcoin exchange-traded funds in the U.S., pushing the asset towards a record high of $69,000.

$612 million flowed into the top 10 largest spot bitcoin ETFs, with BlackRock’s iShares bitcoin trust seeing $550 million in flows in a single day. The surge in bitcoin investments is also linked to anticipation for April’s halving event, where the rate at which tokens are released will be cut in half.

Investor appetite has been boosted by the prospect of interest rate cuts by the U.S. Federal Reserve, as lower yields on bonds push investors towards riskier assets like bitcoin. Analysts believe factors like ETF inflows and the health of the U.S. economy are driving bitcoin’s rally, with no immediate signs of a market top in sight.



Read more at Investing.com: Bitcoin set for biggest monthly jump since 2020 amid ETF boost By Reuters