Bitcoin has risen above 45 thousand. dollars for the first time since April 2022
The value of the most popular cryptocurrency has exceeded $45 thousand for the first time since April 2022 amid optimism about the possible approval of exchange-traded spot bitcoin funds. In 2023, bitcoin rose by 156%.
This was reported by Reuters.
The excitement around bitcoin is related to investors’ optimism that the US Securities and Exchange Commission (SEC) may approve the launch of exchange-traded bitcoin funds (BTC-ETFs).
In recent years, the SEC has rejected several applications to launch spot bitcoin ETFs, claiming that the cryptocurrency market is vulnerable to manipulation.
However, in recent months, there have been increasing signs that regulators are ready to approve at least some of the 13 proposed spot bitcoin ETFs. The decision is expected to be made in early January.
If the SEC denies the permit, the price of bitcoin will plummet, analysts surveyed by the agency predict.
