Bitcoin, the leading cryptocurrency, has surged past the $50,000 mark for the first time in over two years. This notable milestone comes as optimism grows around potential interest rate cuts later in the year and following regulatory approval for US exchange-traded funds (ETFs) tracking Bitcoin’s price. The cryptocurrency market has witnessed a 16.3 per cent increase in Bitcoin’s value since the beginning of the year. On Monday, Bitcoin reached its peak value since December 27, 2021, hitting $49,899 at 12:56 PM EST, marking a 4.96 per cent increase for the day, with its value oscillating around the $50,000 level. Antoni Trenchev, co-founder of the crypto lending platform Nexo, described the $50,000 mark as a significant milestone for Bitcoin. He attributed this achievement to the launch of spot ETFs last month, which not only failed to push Bitcoin above this key psychological level initially but also led to a 20 per cent sell-off. The positive momentum extended beyond Bitcoin, with