Bitcoin has surged to over $45,000, reaching its highest point in almost two years
fueled by heightened anticipation of the approval of a Bitcoin exchange-traded fund (ETF)
The cryptocurrency experienced a 5.2% jump, trading at $45,443 as of 7 am New York time
This rally comes as the January 10 deadline for the US Securities and Exchange Commission (SEC) to approve a spot ETF for Bitcoin draws near.
This rally comes as the January 10 deadline for the US Securities and Exchange Commission (SEC) to approve a spot ETF for Bitcoin draws near.
The leading cryptocurrency has seen a nearly 20% increase since the beginning of December, driven by optimistic expectations surrounding the potential ETF approval.
The approval of a Bitcoin ETF would be a significant milestone for cryptocurrency investors.
It would provide a more traditional and regulated way to invest in Bitcoin.
A Bitcoin ETF could also lead to increased liquidity and price stability for Bitcoin. This is because ETFs would make it easier for institutional investors to invest in Bitcoin, which would bring in more capital to the market.