Bitcoin Breaks $50,000 Mark, Fueled By ETF Inflows

Benzinga ·  02/13 02:10

Bitcoin(BTC.CC) experienced a notable surge on Monday, briefly touching the $50,300 mark, buoyed by a week of strong exchange-traded fund (ETF) inflows and signs of increased institutional investment. The leading cryptocurrency, which had been trading around $48,000 earlier in the day, saw a sharp increase at the start of the U.S. trading session, as per TradingView data, before stabilizing near the $50,200 level. This upward momentum is attributed to significant inflows into spot Bitcoin ETFs, which garnered over $1.1 billion in net fresh funds last week, contrasting with the slowing outflows from established funds .The market faces potential headwinds from

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