Bitcoin powered back above $50,000 for the first time in over two years, notching 4% single-day gains.
The burst comes as optimism builds around spot Bitcoin ETFs attracting surging institutional investment inflows while the market is waiting for Bitcoin's upcoming "halving" event.
With fewer new Bitcoin entering circulation, the community anticipates price lifts if demand outpaces tightening supply - which is clearly the case right now as Bitcoin ETFs are sucking 12.5 times more BTC than the network can produce in a single day.
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