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Bitcoin climbs above $45,000 for first time since April 2022

  • Bitcoin surged to its highest level in nearly 21 months, reaching over $45,000, fueled by the rally in cryptocurrencies continuing into 2024.
  • Investors are eagerly anticipating the possible approval of a spot bitcoin exchange-traded fund by the U.S. Securities and Exchange Commission, which could attract larger institutional investors.
  • The optimism surrounding potential approval of a bitcoin ETF, along with expectations of a more accommodative monetary policy and the upcoming "halving" event, is expected to drive notable growth in the crypto market this year.
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Coin Desk broke the news in Manila, Philippines on Tuesday, January 2, 2024.
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