"Bitcoin Breaks $45K in Rally, Fuels Crypto Stocks and Liquidates Millions in Shorts"
Bitcoin's price has surged to nearly $46,000, the highest since March 2022, with over $133 million in short positions liquidated amid investor optimism for the potential approval of a spot Bitcoin ETF. The SEC is expected to decide on several Bitcoin ETF applications by January 10, which has been a decade-long anticipation by investors. The rally in Bitcoin's price has also positively impacted other cryptocurrencies, with notable gains in Solana (SOL), Ethereum (ETH), and various altcoins like ORDI and Astar Network (ASTR).