Kickstarting 2024, Bitcoin Price Surpasses US$45,000

image : Bitcoin Source : Photo by Kanchanara on Unsplash
The cryptocurrency market appears to be starting 2024 on a high note, as Bitcoin exceeded the US$45,000 mark on Tuesday morning (2/1/24), the first time since April 2022.

Bitcoin Breaks US$45,000

According to the BTC price chart on TradingView, BTC crossed the US$45,000 threshold on Tuesday (2/1/24) at 07:45 AM WIB. This price level was last seen in April 2022. Subsequently, BTC reached a price of US$45,470 at 10:00 AM WIB.

Image : Bitcoin chart

As of the time this article was created (2/1/24) at 11:00 AM WIB, BTC was trading at a price of US$45,412.
Several altcoins have outperformed BTC in the last 24 hours, including Sei (SEI) +34.19%, Mina (MINA) +21.17%, WEMIX +21.24%, The Graph (GRT) +17.91%, and Celestia (TIA) +16.7%.

Image : Top Alt Coin

It is still unclear what caused the price surge on this Tuesday, but speculation has been growing in recent weeks regarding the potential approval of a Bitcoin spot ETF in the United States.

In the past few days, crypto companies have also been seen launching marketing campaigns ahead of the expected approval.

Over the weekend, potential issuers revealed the names of participants referred to as authorized participants or companies that can redeem or create shares in the ETF. These companies include Jane Street, JPMorgan, Virtu Securities, and Cantor Fitzgerald.

*Disclaimer:

This content aims to enrich reader information. Always conduct independent research and use disposable income before investing. All buying, selling, and crypto asset investment activities are the reader's responsibility.