Bitcoin breaks $50,000 for first time since 2021
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Bitcoin surpassed $50,000 for the first time in over two years, fueled by expectations of US approval of exchange-traded funds (ETFs) that track the price. The cryptocurrency has rallied about 25% since January 22, reaching as high as $50,328. Observers are optimistic about the outlook, with enthusiast buyers pushing prices further up. Bitcoin dropped slightly to $49,950 by 0330 GMT Tuesday. The rally marks a recovery for Bitcoin following high-profile scandals and collapses in the crypto market. Bitcoin has also been boosted by hopes of interest rate cuts by the Federal Reserve and the upcoming 'halving' event in May. The next 'halving' will reduce the reward for mining Bitcoin. Bitcoin's record high was nearly $69,000 in 2020.

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https://www.legit.ng/business-economy/technology/1578460-bitcoin-breaks-50000-time-2021/