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<div class="coinjournal">
 <ul>
 <li>Bitcoin hits $51k as bulls roar into life following Tuesday’s markets reaction to CPI data.</li>
 <li>BTC price rose to highs of $51,708 on Coinbase, with its market cap back above $1 trillion.</li>
 <li>Will BTC reach new ATH before halving?</li>
 </ul>
 Bitcoin (<a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a>) price skyrocketed past the $51,000 level on Wednesday morning, recouping all losses suffered as the benchmark crypto mirrored stocks on Tuesday.
 The gains have seen the pioneer crypto reach a market capitalization of $1 trillion, a milestone last seen in December 2021.&nbsp;
 According to data from CoinGecko, the price of Bitcoin hovered around $51,500 early morning on February 14. The BTC/USD pair traded more than 2% up across major cryptocurrency exchanges, with prices on Coinbase having shot to an intraday high of $51,708 as of writing.
 <img decoding="async" src="https://cdn.thebittimes.com/images/2024/02/14/82e1ebc3a5411fd82c7200633d25d9ae.webp" style="width: 100%" class="fr-fic fr-dib" width="650" height="311">
 As BTC bulls eye a higher move, is Bitcoin poised for a march to a new all-time high pre-halving? With BTC showing fresh signs of an upside continuation, some analysts are saying the cryptocurrency could surge to higher levels in coming weeks. Crypto investor and analyst WhalePanda noted on X:
 
 <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
 It's very simple now. You sell your #Bitcoin , you get left behind. There are no dips to buy. Those CPI numbers and the psychological $50k would've dumped us back to $44-45k pre-ETFs. They tried, they failed, and now they have to rebuy higher. They aren't going to try again.
 — WhalePanda (@WhalePanda) February 14, 2024
 </blockquote>
 
 The upcoming <a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> and the massive demand witnessed within the spot Bitcoin ETF market are key catalysts. For the latter, there were nearly $631 million in inflows on Tuesday.&nbsp;
 Data shows <a rel="noopener noreferrer nofollow" title="BTC" href="https://thebittimes.com/tag/btc.html">BTC</a> spot ETFs have recorded net inflows for thirteen consecutive trading days, with cumulative net inflows at $3.89 billion as of February 13.
 Bitcoin’s <a rel="noopener noreferrer nofollow" title="halving" href="https://thebittimes.com/tag/halving.html">halving</a> is set for April this year.&nbsp;
</div>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-hits-51k-will-btc-reach-new-ath-before-halving-tbt79786.html">https://thebittimes.com/bitcoin-hits-51k-will-btc-reach-new-ath-before-halving-tbt79786.html</a>

Bitcoin hits $51k: Will BTC reach new ATH before halving?

TheBitTimes

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