Bitcoin Tops $49K as Spot ETF Inflows Accelerate

The largest crypto was hovering around $48,000 earlier during the day before experiencing a sudden spike to $49,100 in the beginning of the U.S. trading session. At press time, BTC was changing hands slightly above $48,900, up nearly 2% over the past 24 hours and outperforming the broad-market CoinDesk 20 Index’s (CD20) minor, 0.2% decline.

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