"Bitcoin Surges Past $45K in New Year Rally, Eyeing $48K Amid ETF Optimism"
TL;DR Summary
Bitcoin's price soared past $45,000 for the first time since April 2022, continuing a significant rally into 2024. The surge is partly driven by anticipation of the U.S. potentially approving the first bitcoin exchange-traded fund (ETF), which would make the cryptocurrency more accessible to institutional investors. Additionally, the upcoming "halving" event in 2024, which cuts the reward for mining bitcoin in half, is expected to reduce supply and has historically led to price increases. Other cryptocurrencies like Ether and Solana also experienced substantial gains during this rally.
- Bitcoin tops $45,000 for the first time since April 2022 as wild crypto rally continues CNBC
- Bitcoin Breaks Through $45,000. What's Powering the Crypto Rally. Barron's
- Bitcoin Starts the New Year Rising Past $45K, Highest Level Since April 2022 CoinDesk
- Bitcoin targets $48K in 'spot-driven' BTC price rally Cointelegraph
- Bitcoin climbs atop $45,000 for the first time in more than a year as ETF hopes build MarketWatch
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