💰💰💰Bitcoin extends its gains, breaking through the $50,000 level. Level jumped above $50,000 Monday, at one point reaching its highest level in more than two years.✅✅✅

The price of the flagship cryptocurrency was last higher by 4% at $50,168.36, according to Coin Metrics. Earlier, it rose to $50,334.00, its highest level since December 2021. Ether was higher by more than 5.5% at $2,643.80, after rising to $2,638.62 for the first time since Jan. 12.

$50,000 is a significant milestone for bitcoin after the launch of spot ETFs last month not only failed to elicit a move above this key psychological level but led to a selloff and some deep soul searching about these new bitcoin products,” said Antoni Trenchev, co-founder of crypto services firm Nexo.

Bitcoin is coming off its best week since Dec. 8, ending up 10.76% as of Friday.

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