Bitcoin Rises Ahead of Halving... Recovers to $47,000

Bitcoin has recovered to $47,000.

On the 9th (local time), according to the US cryptocurrency exchange Coinbase, the price of one Bitcoin surpassed $47,000 in the morning. It rose more than 4% compared to the previous day.

This is the first time Bitcoin has reached the $47,000 level since the 11th of last month. Ethereum also rose more than 2%, recovering to the $2,490 range.

It is analyzed that Bitcoin is showing an upward trend ahead of the halving expected in April. The amount of Bitcoin mined is halved every four years, and during the previous three halvings, the price of Bitcoin surged sharply.