$#BTC Climbs Above $50,000; Why is Bitcoin Up Today?

Bitcoin has seen an impressive sure today that has seen #BTC finally climb above $50,000. The asset has surpassed its two-year high as optimism and institution investment certainly catapulted the asset to the current level. Just one day prior, the cryptocurrency closed at its highest monthly level, surpassing the $48,000 mark.

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Indeed, Bitcoin has jumped more than 110% since this point last year and showed impressive growth not even two months into 2024. The landmark approval of 11 Spot Bitcoin ETFs this year undoubtedly had something to do with the increase, but why else has #BTC $50,000 today? $BTC