Bitcoin rose 5% on Friday to one-month highs, powered by what analysts said was a flurry of buying ahead of April's halving event and as recent outflows from exchange-traded funds slowed. The drop in bitcoin went against the grain of other financial markets in recent weeks, as stocks, bonds and gold all rallied on the back of an expectation for global central banks to switch to cutting interest rates this spring. Friday's jump in price was said to be a function of a slowing in recent ETF outflows and a burst of buying ahead of April's halving, analysts said.
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