Btc Surpasses $50,000.

Bitcoin (BTC) has surpassed $50,000 for the first time since December 2021. According to data, the leading cryptocurrency reached $50,150.

Last week, Bitcoin continued its upward momentum and surpassed the psychologically significant $50,000 resistance level. BTC managed to surpass $50,000 in the evening hours.

According to data, the largest cryptocurrency is fluctuating around $50,000. With a gain of approximately 3.5% in the last 24 hours, BTC is still trading above $50,000 as of the time of this report.

Bitcoin has gained approximately 17% on a weekly basis.

The U.S. Securities and Exchange Commission (SEC) approved 11 spot Bitcoin ETFs in January after a long wait. Following this development, BTC began to fluctuate and rose above $49,000 before dropping to $38,000.

Moreover, investors began to move away from Grayscale's GBTC, the fund converted into a spot ETF. While this had been a factor suppressing BTC prices, its impact has begun to diminish in recent days.

Other spot ETFs, particularly those from BlackRock (IBIT) and Fidelity (FBTC), are seeing an unusually high level of interest in the history of the stock market. A total of $400 million was invested in ETFs in a single day, with over 216,000 BTC invested overall.

Another factor positively affecting the market's sensitivity to ETFs is the expectation of halving. Expected to take place in April, halving will halve the mining reward per block, reducing the supply side. Halving typically triggers a bullish run in the price of Bitcoin.

On social media, crypto investors have begun discussing the possibility of no significant correction in the Bitcoin price until halving.