Bitcoin Surges, Reaches Highest Price Since December 2021 Ahead of April Supply Halving
Summary:
Bitcoin value saw a significant surge on February 12th, reaching the highest level since December 2021. This increase was driven by enthusiasm regarding spot Bitcoin exchange-traded fund inflows and the halving of the Bitcoin supply in April. Bitcoin's price even met $50,188 during the session, triggering hopes of hitting its all-time high of $69,800. Please note, this is developing news and involves inherent investment risks.
Bitcoin's value saw a significant increase on February 12th, attaining the highest figures since December of last year. Market enthusiasts were buoyed by the influx into Bitcoin exchange-traded funds and the upcoming halving of the Bitcoin supply slated for April. As of the moment the news was written, the price of Bitcoin had peaked at $50,188, showcasing a hike of more than 4% according to statistics from TradingView and Cointelegraph Markets Pro. Investors are now hopeful that the Bitcoin price, with two months to go before halving, will challenge its all-time high of $69,800 registered last on November 8, 2021, after crossing the $50,000 benchmark. This news is still unfolding, and additional details will be provided as they surface. Note: This text does not offer any investment guidance or suggestions. Every financial and trading activity entails some degree of risk, and people are advised to perform their own detailed investigation prior to deciding.
Published At
2/12/2024 8:34:31 PM
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