Bitcoin's value has soared past $45,000 thanks to increased speculation around ETFs, creating a buzz in the market.

Today marks the first day since April 6, 2022, that Bitcoin's price has exceeded $45,000, driven by expectations of a forthcoming spot Bitcoin ETF approval. spot Bitcoin exchange-traded fund This surge represents a peak in Bitcoin's trading activity, reaching a value of $45,355 earlier today and marking a high not seen in nearly two years.

The cryptocurrency saw a rise of up to 4.3%, pushing its trading value above $45,000. At the same time, Ethereum also enjoyed gains, climbing by as much as 2.6%. other tokens This price increase is reportedly driven by a fear of missing out (FOMO) among traders in the U.S. and Europe, who are anxiously awaiting the SEC's expected approval for a spot Bitcoin ETF this week, prompting them to start buying early on January 1, right at the year's start.

Last year, Bitcoin made an impressive comeback, increasing nearly 160%, which helped offset the significant drops experienced in 2022 that rocked the crypto world. During that time, Bitcoin outperformed stocks and gold, but it still has not reclaimed its all-time high of nearly $69,000 set in 2021. SEC Keeping an eye on Bitcoin's market dynamics as we await the SEC's ruling.

Bitcoin The approaching deadline for the SEC’s decision regarding a Bitcoin spot ETF has spurred a greater than 20% increase in Bitcoin's price.

This price movement coincides with reports that the SEC might communicate good news to 14 asset managers regarding their spot Bitcoin ETF applications as soon as Tuesday or Wednesday, ahead of the January 10 deadline.

Since early December, Bitcoin If approved, the introduction of spot Bitcoin ETFs could serve as a significant magnet for institutional capital into the cryptocurrency sphere.

This latest development signifies important changes in the cryptocurrency market, reflecting shifts in investor sentiment and anticipation of significant events. ETF application Securities and Exchange Commission

The U.S. Securities and Exchange Commission

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