Bitcoin Surges to $48,000 with Ethereum and Avalanche in Pursuit

Bitcoin Soars Above $48,000 on Spot Bitcoin ETF Inflows

Bitcoin experienced a strong surge on Friday, crossing the $48,000 mark and gaining 5% in a single day. This surge was fueled by spot Bitcoin ETF inflows, with two of the approved ETFs ranking among the top 10 global ETFs by asset flows. The inflows have propelled major cryptocurrencies to trade in the green, with Ethereum also seeing a 1% gain. The bullish sentiment is expected to continue, with analysts touting Dogecoin and Cardano as future outperformers.