ETF Hopes Reflected in Prices! Bitcoin Surpasses $45,000

ETF Hopes Reflected in Prices! Bitcoin Surpasses $45,000
Global cryptocurrency pioneer Bitcoin reached a significant milestone by surpassing the $45,000 price level for the first time in almost two years. This increase in value not only reflects Bitcoin's enduring resilience but also aligns with the growing expectations surrounding the potential approval of the first spot Bitcoin exchange-traded fund (ETF) in the United States.
Extraordinary Surge in Bitcoin in 2024
As the world welcomed the new year, Bitcoin demonstrated its strength and upward momentum by rising from $42,000 on January 1, 2024, to $45,500. This remarkable surge, representing a notable 6% increase in the last 24 hours, underscores the power of Bitcoin.
The cryptocurrency witnessed an astonishing 170% increase in value compared to the previous year. This achievement is particularly noteworthy, signaling a significant peak within the first two days of 2024 on an annual basis.
Expectations Surrounding SEC's ETF Decision