Bitcoin Surges Past $47,000, Eyeing $50,000 Milestone Amidst ETF Inflows and Halving Anticipation

The cryptocurrency's rally is fueled by a combination of ETF inflows, the upcoming halving event, and positive market sentiment, with analysts predicting further gains.

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.