Bitcoin hits $50K for first time since December 2021

The NFT Unicorn f616e106-737f-4861-b9ec-d27ccc06f7e1 Bitcoin hits $50K for first time since December 2021 Crypto News

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.

BTC/USDT 1-week chart. Source: TradingView

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.

With 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.

Source: Cointelegraph