Bitcoin price rally to $50K puts spotlight on halving supply shortage and spot ETF inflow

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Bitcoin price rallies to $50,000, certifying BTC bulls’ intent to chase the price higher leading into the April halving event.

Bitcoin price rose to an intra-day high of $50,000 on Feb. 12 for the first time since December 2021, following a streak of positive post-exchange-traded funds last week. 

Bitcoin (BTC) price rapidly rallied 3.25% from an intra-day low of $47,745 on Feb. 12 to hit a two-year high at $50,000. The rally to a new 2-year high was prefaced by a 16% gain over the last 7 days.

Bitcoin’s strong performance comes as the inflows into spot Bitcoin ETFs increased over the past week. Last week, spot Bitcoin ETFs attracted over $1.1 billion in netflows as outflows from the Grayscale Bitcoin Trust (GBTC) continued to slow down.

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