The price of Bitcoin (BTC) surged on Feb. 12, reaching its highest level since December 2021 as market participants’ excitement over spot BTC exchange-traded fund inflows and the upcoming BTC supply halving in April lifted investors’ expectations.
At the time of publishing, Bitcoin price reached a session high of $50,188, having gained more than 4%, according to data from Cointelegraph Markets Pro and TradingView.
With the $50,000 level achieved roughly two months before the Bitcoin halving, investors anticipate BTC price to make a stab at the $69,800 all-time high, last seen on Nov. 8, 2021.
This is a developing story, and further information will be added as it becomes available.
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This article is produced in accordance with Cointelegraph's Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research before making any decisions. Cointelegraph makes no guarantees regarding the accuracy or completeness of the information presented, including forward-looking statements, and will not be liable for any loss or damage arising from reliance on this content.
