Bitcoin hits $50K for first time since December 2021
The price of Bitcoin ( BTC ) surged on Feb. 12, reaching its highest level since December 2021 as market participants’ excitement over spot BTC exchange-traded fund inflows and the upcoming BTC supply halving in April lifted investors’ expectations.
At the time of publishing, Bitcoin price reached a session high of $50,188 having gained more than 4%, according to data from Cointelegraph Markets Pro and TradingView .
BTC/USDT 1-week chart. Source: TradingViewWith the $50,000 level achieved roughly two months before the Bitcoin halving, investors anticipate BTC price to make a stab at the $69,800 all-time high, last seen on Nov. 8, 2021.
This is a developing story, and further information will be added as it becomes available.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Hyperliquid currently airdrops over 274 million HYPE, with an average of 2,905 per address
A Base Ecosystem trader increased his capital from $15,300 to $1.29 million in 2 days
Forget the Gold vs. Bitcoin Debate, Kiyosaki Has a Bigger Message for Investors