Bitcoin: Bitcoin rises above $45,000 for the first time in almost two years
Bitcoin Surpassed $45,000 for the first time in nearly two years in anticipation of approval exchange traded fund Direct investment into the largest tokens has accelerated.
The cryptocurrency jumped as much as 5.2% to its highest level since April 2022 and traded at $45,443 by 7 a.m. New York time. Other tokens followed suit etherThe second largest, growing by 4.1%.
Bitcoin is up nearly 20% since the beginning of December as the deadline for the U.S. Securities and Exchange Commission to give its blessing for spot is January 10. etf bitcoin Brings closer.
Hayden Hughes, co-founder of social-trading platform Alpha Impact, said there was a fear among some traders in the US and Europe of missing out before approval was granted and investors started “buying first thing on January 1, New Year’s morning”. Has given. ,
‘nerves of steel’
Based on spot ETF optimism, options traders were betting on Bitcoin reaching $50,000.
A major correction is unlikely given broad bullish sentiment and the upcoming halving, said Sissy Lou McCalman, founder of blockchain consultancy Wayne Link Partners, referring to a process that limits the amount of bitcoins miners receive per block reward. Cuts it in half. “I think traders will need nerves of steel to short BTC,” she said.
The halving – sometimes called the halving – is planned for April and occurs once every four years. The coin reached records after each of the previous three halvings.
Bitcoin’s nearly 160% rebound last year repaired some of the damage caused by the sharp crash that hit the crypto industry in 2022. The token outperformed global stocks and gold during this period, but remains below 2021’s pandemic-era record of nearly $69,000.
Shares of so-called crypto companies also rose ahead of normal trading hours in New York. Bitcoin proxy MicroStrategy rose about 7.8%, miner Marathon Digital rose 11% and crypto exchange Coinbase Global rose 4.1%.
The cryptocurrency jumped as much as 5.2% to its highest level since April 2022 and traded at $45,443 by 7 a.m. New York time. Other tokens followed suit etherThe second largest, growing by 4.1%.
Bitcoin is up nearly 20% since the beginning of December as the deadline for the U.S. Securities and Exchange Commission to give its blessing for spot is January 10. etf bitcoin Brings closer.
Hayden Hughes, co-founder of social-trading platform Alpha Impact, said there was a fear among some traders in the US and Europe of missing out before approval was granted and investors started “buying first thing on January 1, New Year’s morning”. Has given. ,
‘nerves of steel’
Based on spot ETF optimism, options traders were betting on Bitcoin reaching $50,000.
A major correction is unlikely given broad bullish sentiment and the upcoming halving, said Sissy Lou McCalman, founder of blockchain consultancy Wayne Link Partners, referring to a process that limits the amount of bitcoins miners receive per block reward. Cuts it in half. “I think traders will need nerves of steel to short BTC,” she said.
The halving – sometimes called the halving – is planned for April and occurs once every four years. The coin reached records after each of the previous three halvings.
Bitcoin’s nearly 160% rebound last year repaired some of the damage caused by the sharp crash that hit the crypto industry in 2022. The token outperformed global stocks and gold during this period, but remains below 2021’s pandemic-era record of nearly $69,000.
Shares of so-called crypto companies also rose ahead of normal trading hours in New York. Bitcoin proxy MicroStrategy rose about 7.8%, miner Marathon Digital rose 11% and crypto exchange Coinbase Global rose 4.1%.
