Bitcoin Climbs Above $47K, Ignoring Stock Market Weakness; Fed’s Preferred Measure of Inflation Eyed — CoinDesk

 Bitcoin Climbs Above $47K, Ignoring Stock Market Weakness; Fed’s Preferred Measure of Inflation Eyed — CoinDesk



At 10:41 UTC, the cryptocurrency was trading 7% higher on the day near $47,200. The broader crypto market is also positive, with native cryptocurrencies of smart-contract blockchains like VeChain, Tezos, and Elrond gaining more than 8%. Ethereum’s ether traded 7% higher at $3,245.



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