Bitcoin Surges Past $50K on Massive ETF Inflows, Halving Hopes
• Bitcoin has hit over $50,000 for the first time since late 2021, continuing recent crypto rallies • Inflows into new spot Bitcoin ETFs have totaled nearly $3 billion, boosting prices • Launch of Fidelity and BlackRock spot Bitcoin ETFs were extremely successful, seeing historic inflows • Other factors like impending Bitcoin halving also contributing to price surge • Strategist sees room for Bitcoin rally to continue in near term after withstanding negative macro forces