Bitcoin is trading above $45,000 for the first time in nearly two years as the market gears up for the potential approval of the first spot Bitcoin ETF in the United States.
The price of Bitcoin (BTC) has broken through $45,000 for the first time in nearly two years as the market prepares for a widely expected approval of a spot Bitcoin exchange-traded fund (ETF) within the next few days.
Bitcoin climbed rapidly from a price of $42,000 on Jan. 1, surging more than 6% in the last 24 hours and 170% in the last year, per CoinMarketCap data.
Bitcoin is trading higher than any price reached in 2023 and marks a significant new yearly high for the asset just two days into 2024.
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Source: https://cointelegraph.com/news/bitcoin-btc-price-breaks-above-45k-excitement-over-etf-approval