Bitcoin is now above $51,600 and could easily see higher highs.
All thanks to BTC ETF inflows, fear of missing out (FOMO), and an upcoming halving event in April, which could push the price of BTC even higher.
“The halving is a feature in bitcoin’s infrastructure that automatically reduces the rate of new coins entering circulation. It takes place roughly every four years and, in theory, pushes the price of bitcoin higher,” according to CNN.
Not only is that great news for Bitcoin investors, it’s also great news for the BTC mining stocks we’ve been mentioning, including Marathon Digital (MARA), and Riot Platforms (RIOT).
MARA, for example, is up $3.60 in pre-market, and could open even stronger.