Bitcoin surges to $50,000 for the first time since 2021

Fundstrat Global Advisors notes that sentiment toward Bitcoin is typically positive during the Lunar New Year holidays in Asia. This, coupled with the recent market momentum and positive factors such as ETF inflows and the upcoming Bitcoin halving, supports the outlook for further price increases. Bitcoin has recovered all its losses since the May 2022 implosion of stablecoin TerraUSD.

Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News