Bitcoin Surges Past $50,000 Amid ETF Demand and Positive Sentiment

Bitcoin surged past $50,000 for the first time in over two years, driven by increasing demand for bitcoin ETFs and anticipation of rate cuts. Standard Chartered analysts maintain the possibility of bitcoin reaching $100,000 by year-end. The cryptocurrency's rally is also attributed to a broader risk-on shift in the market as investors prepare for potential Federal Reserve interest rate cuts. With the next bitcoin halving event approaching in April, investors are optimistic about the token's future performance.