Bitcoin may well be on its way to $50,000 this week after surging above $49,000 at about 4:10PM WAT.
On Febraury 8, the price rallied above $45,000 for the first time since the launch of the Bitcoin exchange traded funds(ETFs) in January.
Following the upward trend, predictions of a potential $50k push up have spread across various crypto platforms, with many crediting the on-going price rally to the increasing number of ETF inflows.
On-Chain Media articles are for educational purposes only. We strive to provide accurate and timely information. This information should not be construed as financial advice or an endorsement of any particular cryptocurrency, project, or service. The cryptocurrency market is highly volatile and unpredictable.Before making any investment decisions, you are strongly encouraged to conduct your own independent research and due diligence
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