Home » Business » Bitcoin Price Surpasses $45,000 Amid Expectations for Tradable Investment Funds Approval

Bitcoin Price Surpasses $45,000 Amid Expectations for Tradable Investment Funds Approval



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Published on: Wednesday, January 3, 2024 – 12:21 AM | Last updated: Wednesday, January 3, 2024 – 12:21 AM

The price of the encrypted digital currency exceeded the level of $45,000 per unit for the first time in about two years, in light of expectations that tradable investment funds on the stock exchange will be approved to invest directly in digital currencies.

Bloomberg News Agency reported on Tuesday that the largest cryptocurrency in the world rose today by 5.2%, reaching its highest level since April 2022, as it was traded for $45,443 per unit by seven in the morning New York time. The prices of other official currencies also rose, as the price of Ether, the second largest digital currency in the world, rose by 4.1% this morning.

Since the beginning of last December, the price of Bitcoin has risen by 20%, with the deadline for announcing the Securities and Trading Commission’s decision regarding investing tradable investment funds in Bitcoin approaching on January 10th.

For his part, Hayden Hughes, co-founder of the online trading platform Alpha Impact, said that there are concerns among some traders in the United States and Europe before the imminent approval of tradable investment funds in digital currencies, and investors began buying the currency as of the morning of the first day of the new year.

The price of Bitcoin in options trading today reached about $50,000 per unit, supported by optimism regarding the decision of tradable investment funds.

2024-01-02 22:21:59
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