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Stock impact report

Bitcoin soars close to record high [Yahoo! Finance]

NatWest Group plc American Depositary Shares (NWG) 
Company Research Source: Yahoo! Finance
The world's largest cryptocurrency has surged by more than 42pc in February in what is the largest monthly gain since December 2020 during the pandemic-era boom. Bitcoin was last up about 6pc today to $60,376 - its highest since November 2021, when it hit a record just below $70,000. It comes as traders have poured money into the digital token following the approval of so-called spot exchange traded funds, known as ETFs. The financial instruments allow investors to speculate on movements in the price of crypto without the risk of owning the asset. Joseph Edwards, head of research at Enigma Securities, said: “Essentially, we're seeing the ETF effect ahead of schedule. “Inflows into them stepped up quickly last week and have been sustained, and we think it's reflective of advisors getting out there very quickly to start selling the ETFs to clients.” Antoni Trenchev, co-founder of Nexo crypto exchange, added: “If $60,000 doesn't whet the appetite, consider that 70pc of bitco Show less Read more
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