Cryptocurrencies rally, Bitcoin surges past $45,000 for the first time since April 2022
11 months, 3 weeks ago

Cryptocurrencies rally, Bitcoin surges past $45,000 for the first time since April 2022

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Bitcoin soared beyond $45,000 on Tuesday, marking its highest level since April 2022, as the world’s largest cryptocurrency kicked off the New Year on a strong note. Reaching a 21-month peak at $45,532, Bitcoin demonstrated a remarkable 156 per cent gain in the previous year, its most robust yearly performance since 2020. While the SEC has previously rejected several applications for spot bitcoin ETFs, there are growing indications that some of the 13 proposed ETFs might receive approval, with expectations for a decision in early January. Jupiter Zheng, Partner of Liquid Funds at HashKey Capital, foresees notable growth in the crypto market in the upcoming year, attributing it to factors such as increased investment from spot ETFs, Bitcoin halving, and a more accommodative monetary policy globally, including in the United States.

History of this topic

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