Title: Bitcoin Surges Past $50,000 as Institutional Interest Grows

Bitcoin has shown substantial growth this week, currently priced at $51,959 after rising by more than 10% over seven days. The surge began when the digital coin hit $50,000 on Monday for the first time since December 2021. Analysts attribute this increase to significant investors hoarding Bitcoin and renewed interest from Wall Street in the tech industry.

In January, the Securities and Exchange Commission approved ten spot Bitcoin exchange-traded funds (ETFs), causing a fluctuation in Bitcoin's price initially. However, the asset has since made a comeback. Despite a temporary drop on Valentine's Day due to higher-than-expected inflation reported by the U.S. Labor Department last month, Bitcoin continued to rise through Wednesday, Thursday, and Friday, consistently approaching the $52,000 mark.

As Bitcoin climbed, the rest of the crypto market followed suit. Ethereum, the second largest digital asset, has surged by over 11% in the past week, reaching a price of $2,792. Additionally, Solana saw a substantial increase and briefly surpassed Binance's BNB Coin, trading at $109.71 and ending the week close to its starting point.

Meme coins like Bonk, Pepe, and Dogwifhat also experienced significant increases and are still up over the past seven days. However, investors appear to be primarily focused on Bitcoin as the anticipated halving event draws near and institutional interest in the newly approved ETFs brings a surge of capital into the space.