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Bitcoin surged above $45,000

Ibrahim Yousaf

Active Member
Bitcoin surged above $45,000 on Tuesday, marking its highest level since April 2022. The world's largest cryptocurrency gained 156% in 2023, its strongest annual performance since 2020.
Currently at $45,318, Bitcoin remains below its November 2021 record high of $69,000. Ethereum's Ether, linked to the blockchain network, also rose 1.45% to $2,386, reflecting a 91% increase in 2023.
Investor attention is focused on potential approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission.
The decision, expected in early January, could significantly impact Bitcoin's trajectory and market dynamics. The overall positive sentiment is supported by rising expectations of central banks cutting interest rates in 2024.