United

Bitcoin ETF

Bitcoin

April

<p>Bitcoin, the world’s leading cryptocurrency, has reached a significant milestone by surpassing the $45,000 price level for the first time in nearly two years.&nbsp;</p>
<p>This surge in <a href="https://www.cryptopolitan.com/bitcoins-roadmap-2024-realistic-expectations/" rel="noopener noreferrer nofollow">Bitcoin’s </a>price comes as the crypto market eagerly awaits the potential approval of the first spot Bitcoin exchange-traded fund (ETF) in the United States.</p>
<h2 class="wp-block-heading" id="bitcoin-s-remarkable-rise">Bitcoin’s remarkable rise</h2>
<p>In a remarkable turn of events, Bitcoin’s price surged from $42,000 on January 1st, 2024, to break through the $45,000 barrier. This represents a notable increase of over 6% within the past 24 hours and a staggering 170% surge in value over the last year, <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow" target="_blank">according</a> to CoinMarketCap data. This achievement marks a significant new yearly high for Bitcoin, all within the first two days of 2024.</p>
<h2 class="wp-block-heading" id="anticipation-builds-around-the-sec-s-decision">Anticipation builds around the SEC’s decision</h2>
<p>The soaring price of Bitcoin coincides with growing anticipation regarding the potential approval of a spot Bitcoin ETF by the U.S. Securities and Exchange Commission (SEC). Currently, there are 14 outstanding applications for such ETF products awaiting a decision from the regulatory body.&nbsp;</p>
<p>The last time Bitcoin traded above $45,000 was nearly 20 months ago, on April 5, 2022, before descending into a prolonged bear market that saw its value plummet to as low as $15,600, as per TradingView data.</p>
<h2 class="wp-block-heading" id="mixed-opinions-on-etf-impact">Mixed opinions on ETF impact</h2>
<p>Market experts and analysts have expressed differing opinions on how the approval of a Bitcoin ETF may affect its price in the short term. Some analysts from crypto options trading platform Greeks. live believe that Bitcoin may not experience a significant rally on the day of approval, citing diminishing implied volatility on Bitcoin options</p>

Bitcoin breaks $45K milestone, focus turns to pending US ETF approvals

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