Bitcoin surged by 3% on Tuesday, surpassing the $45,000 mark for the first time since April 2022, marking a strong start to the new year for the world’s largest and most popular cryptocurrency.
Bitcoin reached its highest level in 21 months at $45,386 earlier today, showing a 2% increase in the latest transactions to $44,980.
Bitcoin has risen by 15% since the beginning of December as the deadline approaches on January 10 for the U.S. Securities and Exchange Commission’s decision on a Bitcoin exchange-traded fund (ETF).
Traders have been investing in the largest cryptocurrency in anticipation of an expected approval, with expectations of it potentially rising to $50,000 thereafter.
Ethereum, another cryptocurrency, increased by 1% to $2,376.
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