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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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Equity markets entered 2024 in the red, with the New York S&P 500 losing nearly a percent yesterday, which is nothing special after such long November and December growth. A big step forward was made by bitcoin, breaking the $45 thousand mark.

Madrid. The price of bitcoin, the reference cryptocurrency, exceeded the $45,000 threshold driven by the anticipated cycle change in monetary policy, as well as the expectation of the forthcoming approval of a bitcoin ETF (exchange traded fund) by the United States Securities Market Commission (SEC). Thus, the price of bitcoin climbed more than 6% to reach $45,630, at highs since April 2022, before the problems in May of that same year in the Lu…

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Within a year, Bitcoin climbs to 45,000 dollars. This allows it to almost triple its value compared to last year. And it could go even higher. Investors are hoping for the approval of a fund with which they can invest in cryptocurrency via the stock exchange.

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Bias Distribution

  • 38% of the sources lean Right
38% Right
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Coin Desk broke the news in Manila, Philippines on Tuesday, January 2, 2024.
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