Bitcoin Logs Biggest Weekly Gain Since October as S&P 500 Tops 5K

Bitcoin Logs Biggest Weekly Gain Since October as S&P 500 Tops 5K


Bitcoin surged over 13% last week to register its best performance since October. The AI-led surge in the S&P 500 is supportive of the bullish momentum in the crypto market.

Bulls seem to be dominating the supposedly risky corners of the financial market.

Bitcoin (BTC), the leading cryptocurrency by market value, rose nearly 13.5% to $48,300 in the seven days to Feb. 12, the biggest single-week gain since October, according to CoinDesk data. At the same time, CoinDesk 20 Index, a measure of the biggest cryptocurrencies, has risen 11%.

The rally happened as continued inflows into the U.S.-based spot bitcoin

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