{"id":96842,"date":"2024-02-12T20:20:56","date_gmt":"2024-02-12T16:20:56","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=96842"},"modified":"2024-02-13T02:25:55","modified_gmt":"2024-02-12T22:25:55","slug":"bitcoin-surges-to-50k-on-etf-demand","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-surges-to-50k-on-etf-demand\/02\/12\/market-updates\/","title":{"rendered":"Bitcoin Surges to $50k on ETF Demand"},"content":{"rendered":"\n<p>Bitcoin has surged to $50,000 for the first time in over two years, marking a remarkable comeback from a series of crypto industry scandals and bankruptcies. <br><br>The original cryptocurrency has tripled in value since the start of last year, climbing back from a 64% plunge in 2022. Bitcoin last traded at $50,000 in December 2021, but is still below the all-time high of almost $69,000 reached in November 2021.<br><br>Bitcoin prices briefly jumped above $50,000 on Monday, a benchmark value the cryptocurrency hasn&#8217;t sat at since late 2021. <br><br>The cryptocurrency has risen 16.3% so far this year, reaching its highest since December 27, 2021. Crypto stocks also experienced a boost, with Coinbase opening new tab up 4.9%, and miners Riot Platforms and Marathon Digital (MARA.O) opening new tab up 10.8% and 11.9%, respectively. <br><br>Shares of software firm MicroStrategy (MSTR.O), a notable buyer of bitcoin, were up 10.2%. <br><br>The primary driver behind bitcoin&#8217;s recent price appreciation can be attributed to the increased inflow into BTC spot ETFs. The cryptocurrency has risen 16.3% so far this year, reaching its highest since Dec. 27, 2021.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has surged to $50,000 for the first time in over two years, marking a remarkable comeback from a series of crypto industry scandals and bankruptcies. The original cryptocurrency has tripled in value since the start of last year, climbing back from a 64% plunge in 2022. Bitcoin last traded at $50,000 in December 2021, &hellip;<\/p>\n","protected":false},"author":13,"featured_media":96849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4707,40,36],"tags":[6904,7344,7836,7587],"class_list":["post-96842","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-breaking-news","category-cryptocurrencies","category-market-updates","tag-bitcoin","tag-coinbase","tag-etf","tag-us-stocks"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96842","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=96842"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96842\/revisions"}],"predecessor-version":[{"id":96847,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/96842\/revisions\/96847"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/96849"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=96842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=96842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=96842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}