Overview

• Bitcoin's price surpasses $47,000, reaching its highest level in two years, as market sentiment improves.
• ETF inflows and anticipation of the April halving event contribute to the cryptocurrency's recent rally.
• Analysts predict Bitcoin could hit $50,000 soon, driven by a new wave of buyers and positive market dynamics.
• The global cryptocurrency market cap now stands at $1.87 trillion, with Bitcoin's market cap nearing $900 billion.
• Market analysts highlight the significance of the Chinese New Year and historical trends suggesting further gains.