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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00:00 It's Benzinga and here's what's on the block.
00:02 Bitcoin topped 63,000, gaining over 5% as it closes out its best month since December of 2020.
00:08 Ether also rose over 6% to 3,483, extending large February gains.
00:14 Bitcoin is up 47% and Ether 51% for the month.
00:17 Record inflows to Bitcoin ETFs now over $2 billion total have driven up demand.
00:22 The upcoming Bitcoin halving in April also adds to bullish sentiment historically.
00:26 Prices surged despite earlier outflows from the grayscale Bitcoin trust.
00:29 For all things money, visit Benzinga.com
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