Singapore, January 02, 2024, The Europe Today: On Tuesday, Bitcoin marked a significant milestone by surpassing the $45,000 threshold for the first time since April 2022. This surge in value is attributed to the renewed enthusiasm surrounding the potential approval of exchange-traded spot bitcoin funds, elevating the world’s foremost cryptocurrency’s standing.
Notably, Bitcoin reached a 21-month pinnacle at $45,488, culminating in an impressive 154% gain over the preceding year—its most robust performance since 2020.
Presently, it maintains an upward trajectory, reflecting a 2.6% increase to $45,344. Despite this commendable ascent, Bitcoin continues to stand below its all-time high of $69,000, which was attained in November 2021. The cryptocurrency landscape, thus, remains dynamic and responsive to evolving market dynamics.
