Bitcoin surpasses $50K amid halving date approach and interest rate cut expectations.
Ethereum nears a two-year high with surging trading volume.
The cryptocurrency market is witnessing an electrifying surge as Bitcoin, the world’s largest cryptocurrency, breaches the $50,000 mark for the first time in over two years. This rally comes on the heels of heightened expectations for interest rate cuts later in the year and recent regulatory approvals for U.S. exchange-traded funds (ETFs) linked to Bitcoin’s price.
Bitcoin has surged by 16.3% since the beginning of the year, reaching its highest level since December 27, 2021. When writing, Bitcoin is trading at $49,872.81, marking a 4.96% increase for the day, with trading volume experiencing a 102% rise.
Bitcoin (BTC) hit its 2-year-high of $50K just ahead of #Halving2024 amid the surging spot #BitcoinETF inflows & Super Bowl-linked events, triggering fresh anticipations!
Feb 13, 2022 — $42,780Feb 13, 2023 — $21,790Feb 13, 202
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