🧵 1. Bitcoin surges above $51K, up 3% in last hour and 20% in past week. Volatility and liquidated positions highlight risks of high leverage. #crypto
🧵 1. Bitcoin surges above $51K, up 3% in last hour and 20% in past week. Volatility and liquidated positions highlight risks of high leverage. #crypto
🧵 2. Spot Bitcoin ETF approval by SEC could be driving BTC price increase. Flows into BTC ETFs exceed $630 million on Feb 13th. Traditional investors seek exposure.
🧵 3. Anticipation of Bitcoin halving fuels bullish sentiment. Halving cuts BTC inflation by half, reducing supply. Previous halvings triggered major bull runs. Investors positioning for upcoming rally.
🧵 Read more at: https://cryptopotato.com/two-reasons-btc-exploded-above-51k-today/