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Bitcoin Hits $50,000: The BTC “Halving” Frenzy Cometh
On February 12, 2024
By Awake-In-3D
Bitcoin price has surged past $50,000, signaling the end of the crypto winter. This increase comes after the initial dip below $40,000 following the introduction of spot ETFs. The Bitcoin bull market, which began in January 2023, has now entered the FOMO stage with prices exceeding $50,000 for the first time in over two years.
Despite initial outflows from the Grayscale Bitcoin Trust after the ETFs’ launch, recent weeks have shown a decrease in outflows and significant inflows into new products.
As I reported some time ago, when BTC was approximately $28,000, the every 4-year ‘Halving’ process is creating a frenzy.
Here’s what Bitcoin Halving is:
The 2024 Bitcoin Halving: What You Should Know and Why It’s Important
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