Bitcoin briefly surged past $50,000 for the first time in over two years, before settling slightly lower, driven by US Bitcoin ETF approvals and anticipated monetary policy adjustments.
- Bitcoin briefly crosses the $50,000 mark, showcasing market resilience and optimism.
- Surge fueled by US approval of spot Bitcoin exchange-traded funds (ETFs) and anticipation of looser monetary policy.
- Crypto-related stocks like MicroStrategy, Coinbase, and Marathon Digital Holdings rise, reflecting growing investor confidence.
- Optimism surrounding the upcoming Bitcoin halving event in April (which is the reward for Bitcoin mining) also contributed to the positive market sentiment.