Investing.com – The cryptocurrency sector is off to a great start in 2024. The is trading around $45,500 at the time of writing and the is sitting comfortably above $2,300.
This is the first time since April 2022 that the world’s largest cryptocurrency has exceeded $45,000.
News regarding the possible approval of a Bitcoin ETF is stirring the industry. At this time, the is up more than 7% (after gaining 12% in December) and ethereum is up 4%.
According to Bloomberg, the deadline for approval of the Bitcoin ETF by the US Securities and Exchange Commission (SEC) is January 10.
Some analysts are very optimistic about the growth prospects of bitcoin and believe that the cryptocurrency could reach $50,000 in the short term.
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