According to Binance data, Bitcoin exceeded 50,000 US dollars, reaching a maximum of 50,334 US dollars, with a 24-hour increase of 3.7% and a 7-day increase of 17.7%, driving Bitcoin concepts such as STX ORDI to rise sharply, with 7-day increases of 37% and 32.5% respectively. Market analysts generally believe that this round of gains is caused by the continued inflow of Bitcoin ETFs and the beginning of reduced selling pressure on Grayscale.