Bitcoin surged for a second consecutive day, breaking through the $57,000 mark, reaching a high above $57,445.14, its highest level since December 2021. The cryptocurrency, which has gained 24% since the launch of U.S. spot bitcoin exchange-traded funds on Jan. 11, is now less than 20% off its November 2021 all-time high of $68,982.20. With mainstream adoption underway and institutional capital gradually embracing bitcoin ETFs, analysts anticipate further price increases fueled by heightened demand exceeding the available supply. The positive market sentiment and the anticipation surrounding the network's upcoming halving event further bolster investor expectations for a new record high in the near future.