Bitcoin Climbs Above $47K Amid Stock Market Weakness, Eyes Fed’s Preferred Measure of Inflation — CoinDesk

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As of 11:16 UTC, the cryptocurrency was buying and selling 8% larger on the day close to $47,400. The broader crypto market can also be optimistic, with native cryptocurrencies of smart-contract blockchains like VeChain, Tezos, and Elrond gaining greater than 8%. Ethereum’s ether traded 7% larger at $3,245.