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The positive mood in the cryptocurrency markets continues.
Bitcoin's price has risen above $47,500 as risk appetite in global markets increases and interest in spot Bitcoin exchange-traded funds (ETFs) continues.
Bitcoin, which saw an intraday high of $47,675, hit a one-month high. BTC pulled back to $47,250 after the sell-off from these levels.
Bitcoin, which has increased by more than 13% since the beginning of the year, has been the strongest performing asset among investment vehicles.
Spot Bitcoin exchange-traded funds have received net inflows of $8 billion so far.
Analysts point out that the upward momentum in the price of the cryptocurrency may continue due to the halving process that will take place in April and will reduce the supply of new Bitcoin.
Ethereum, which ranks second in terms of market capitalization, also gained 3.55 percent in the last 24 hours and rose above $ 2,500.
On Jan. 11, the U.S. Securities and Exchange Commission (SEC) approved 11 different spot Bitcoin ETF applications.