Ethereum

2024

Bitcoin

<ul>
 <li><strong>Bitcoin surpasses $50K amid halving date approach and interest rate cut expectations.</strong></li>
 <li><strong>Ethereum nears a two-year high with surging trading volume.</strong></li>
</ul>
<p>The cryptocurrency market is witnessing an electrifying surge as Bitcoin, the world’s largest cryptocurrency, breaches the $50,000 mark for the first time in over two years. This rally comes on the heels of heightened expectations for interest rate cuts later in the year and recent regulatory approvals for U.S. exchange-traded funds (<a href="https://thenewscrypto.com/bitcoin-etfs-could-push-btc-price-to-112k-in-2024-cryptoquant/" rel="noopener noreferrer nofollow">ETFs</a>) linked to Bitcoin’s price.</p>
<p>Bitcoin has surged by 16.3% since the beginning of the year, reaching its highest level since December 27, 2021. When writing, Bitcoin is trading at $49,872.81, marking a 4.96% increase for the day, with trading volume experiencing a 102% rise.</p>
<div align="center">
 <blockquote class="twitter-tweet">
  <p lang="en" dir="ltr">Bitcoin (BTC) hit its 2-year-high of $50K just ahead of <a href="https://twitter.com/hashtag/Halving2024?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Halving2024</a> amid the surging spot <a href="https://twitter.com/hashtag/BitcoinETF?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BitcoinETF</a> inflows &amp; Super Bowl-linked events, triggering fresh anticipations!<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4cd.png" alt="📍" class="wp-smiley" style="height: 1em; max-height: 1em;">Feb 13, 2022 — $42,780<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4cd.png" alt="📍" class="wp-smiley" style="height: 1em; max-height: 1em;">Feb 13, 2023 — $21,790<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f4cd.png" alt="📍" class="wp-smiley" style="height: 1em; max-height: 1em;">Feb 13, 2024 — $50,298<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a>'s current stance<br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f538.png" alt="🔸" class="wp-smiley" style="height: 1em; max-height: 1em;">Price &gt;… <a href="https://t.co/MRm82aJIa5" rel="noopener noreferrer nofollow">pic.twitter.com/MRm82aJIa5</a></p>— TheNewsCrypto (@The_NewsCrypto) <a href="https://twitter.com/The_NewsCrypto/status/1757263632105378110?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 13, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div>
<p>Meanwhile, Ethereum, the second-largest cryptocurrency, is also experiencing a <a href="https://thenewscrypto.com/ethereum-eth-faces-volatility-as-selling-pressure-intensifies-above-2600/" rel="noopener noreferrer nofollow">bullish</a> trend, nearing a two-year high at $2,680. Ethereum’s trading volume has surged by 77.26%, accompanied by a 3.66% increase in market capitalization. Currently, Ethereum is trading at $2,647.45, reflecting a 5.97% surge, with trading volume soaring.</p>
<p>Notably, research reveals that Global stock indexes are also on the rise as traders speculate on the timing of potential interest rate cuts by the U.S. Federal Reserve, with May being identified as a likely starting point.</p>
<h3 class="wp-block-heading" id="h-2024-and-bitcoin-a-successful-combo">2024 and Bitcoin – A Successful Combo?</h3>
<p>Analysts project substantial inflows into these new ETFs, estimating figures ranging from $10 billion to $100 billion, driven by growing investor interest and anticipation of future regulatory approvals, including ETFs tied to the spot price of Ethereum. Additionally, investors eagerly anticipate Bitcoin’s upcoming “halving” in April, a process designed to slow down its supply and historically associated with price rallies.</p>
<p>The recent surge in Bitcoin’s price marks a significant turnaround from the bear-reigning period experienced in 2022, characterized by market downturns and high-profile industry setbacks. However, 2023 saw a&nbsp; slight resurgence in crypto markets, and significant price gains, particularly towards the end of the year.</p>
<p>With Bitcoin’s price surpassing $50,000 and Ethereum showing strong momentum, the cryptocurrency market is witnessing renewed optimism and investor interest, driven by regulatory approvals, anticipation of future developments, and a resurgence of bullish sentiment.</p>

Bitcoin and Ethereum Bulls Lead the Rally: Should Buy or Sell?

Table of Contents

TheNewsCrypto

Other articles published on Feb 13, 2024

Robinhood (HOOD) Stock Faces Pre-Market Dip Ahead Of Earnings

ENS spearheads humanitarian aid for Gaza

Algotech (ALGT) Presale Heats Up as Sui (SUI) Earns Low Risk Rating, Litecoin (LTC) Surges 3.47%

Why Is Nervos Network (CKB) Price up by 50%? Analyst Says Another 533% Upside Could Be Coming

Solana Price Prediction: SOL Soars 7% As Solana Mobile 2 Pre-Orders Hit 100,000 In A Month And Th...

This company predicts Bitcoin price to reach $112,000 in 2024

Join our free newsletter for daily crypto updates!