London, Feb 15, 2024 -Bitcoin is forecast to keep on rising after hitting fresh two-year highs above $50,000 on Thursday, leaving analysts to wonder whether investors have moved on from recent cryptocurrency setbacks, including scandals.
Bitcoin climbed higher to end the week as investors took some comfort in the idea that outflows from the Grayscale Bitcoin ETF (GBTC) could be starting to taper off.
The price of the cryptocurrency climbed nearly 6% to $42,131.57 according to Coin Metrics, pushing its weekly gains into the green. Ether was up 2%, trading at $2,264.73. It’s on pace to post a 9% decline for the week.