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Bitcoin (BTC) Price Breaks $50,000 – Highest Level in Two Years

News | Blockchain | by Max Cosmo | February 12, 2024 |
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bitcoinBitcoin ETFBTCcrypto ETF

Bitcoin (BTC) price has surpassed the $50,000 mark, reaching an extraordinary milestone. This is the first time in two years, the last time being in December 2021.

Bitcoin (BTC) Breaks $50,000 The recent surge in market value is largely attributed to the bitcoin buying frenzy triggered by the US Securities and Exchange Commission’s approval of spot bitcoin ETFs. The regulator’s major endorsement injected a new wave of optimism and capital into the cryptocurrency market.

In fact, this approval facilitated billions of dollars of massive investment in these bitcoin ETFs. It highlighted the growing acceptance of bitcoin as a viable investment asset by the mainstream.

Sentiment: Positive

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