4:26 PM · 12 February 2024

🚀 Bitcoin tests $49,000 area!

Bitcoin, as well as other cryptocurrencies, trades higher today. The world's most famous cryptocurrency is trading 1.5% higher today and tests the $49,000 area. This is the zone that halted advance back in the first half of January. However, the coin enjoyed strong bullish momentum recently and a more sustained break above the $49,000 handle cannot be ruled out.

Sentiment on the cryptocurrency market has been supported by the launch of Bitcoin spot ETFs. More precisely, data continues to show strong inflows into cryptocurrency ETFs. Combined, 9 Bitcoin spot ETFs that launched trading on January 11, 2024 have already attracted over $9 billion in investors' capital. Moreover, market insiders are hinting that institutional investors are also piling into those investment vehicles.

Taking a look at BITCOIN chart at H4 interval, we can see that the coin is trading over 26% above late-January 2024 lows. Price has briefly traded above the $49,000 area earlier today but has pulled back slightly since. 

Source: xStation5

Source: Bloomberg Finance LP, XTB Research

14 October 2025, 12:04 PM

Bitcoin loses momentum falling to $111k 📉Ethereum loses 3%

13 October 2025, 3:50 PM

Crypto news: Bitcoin rebounds after the sell-off 📈Ethereum above $4000

9 October 2025, 6:54 PM

Daily Summary: Gold and Indices lower, Dollar bounces back💲

9 October 2025, 11:17 AM

Chart of the day - ETHEREUM (09.10.2025)

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits