Bitcoin rose to $45,532 for the first time since April 2022. It gained 156% last year, the strongest annual performance since 2020.
The price of Bitcoin on Tuesday, January 2, increased by more than 45 thousand dollars. The price of this cryptocurrency is at this level for the first time since April 2022. Reuters writes about it.
It was noted that the price of Bitcoin reached its highest level in 21 months, valued at $45,532. The cryptocurrency grew by 156% last year, its best annual performance since 2020. Bitcoin price rose 2.5% in recent days to $45,318, but remains below the all-time high of $69,000 set in November 2021.
Additionally, Ether, a coin linked to the ethereum blockchain network, rose 1.45% to $2,386 on January 2, after rising 91% in 2023.
Bitcoin prices are rising as the market prepares for the approval of spot cryptocurrency funds (ETFs) in the United States. There are currently 14 such applications being reviewed by the regulator, the Securities and Exchange Commission.
In recent years, the US Securities and Exchange Commission has rejected several applications to launch them, arguing that the cryptocurrency market is vulnerable to manipulation. However, in recent months there have been growing signs that regulators are poised to approve at least some of the proposed spot Bitcoin ETFs. A decision is expected to be made in early January.
The spot Bitcoin ETF is an open-end fund that can issue or buy shares depending on demand.
We remind you that Elon Musk’s Tesla company earlier sold 75% of its bitcoins for $936 million. The founder of the company explained why he took such a step.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.