"Bitcoin Breaks $45K After 21 Months, Fuels Market Surge and Record Funding Rates"

Bitcoin has surpassed $45,000 for the first time in 21 months, signaling a strong start to 2024 and driving up shares of bitcoin-related companies like Coinbase, MicroStrategy, Marathon Digital, and Riot Blockchain. The surge is partly due to the anticipation of a U.S. spot Bitcoin ETF, with the SEC expected to approve applications soon. Additionally, the Sei Network's SEI token has seen a significant increase in value, benefiting from the growing popularity of EVM-compliant blockchains and trading activity on networks other than Ethereum. Major firms are finalizing their ETF offerings in anticipation of SEC approval, indicating a bullish market sentiment.