On February 12, the price of Bitcoin experienced a significant surge, reaching its highest point since December 2021.

This rise in price was fueled by the enthusiasm of market participants regarding the inflow of spot BTC exchange-traded funds and the approaching BTC supply halving scheduled for April, which heightened investors' expectations.

At the time of publication, Bitcoin reached a peak session price of $50,188, marking a gain of over 4%, according to data from Cointelegraph Markets Pro and TradingView.

With Bitcoin achieving the $50,000 milestone approximately two months prior to the BTC halving, investors are now anticipating that the BTC price will aim to surpass the all-time high of $69,800, last recorded on November 8, 2021.

Sources:

https://cointelegraph.com/news/bitcoin-hits-50k-first-time-since-dec-2021

https://www.tradingview.com/symbols/BTCUSD/?exchange=BINANCE