Bitcoin has risen to $45 thousand – for the first time since the beginning of the year
The price of bitcoin has risen above $45 thousand. for the first time since January, when the U.S. Securities and Exchange Commission (SEC) approved spot bitcoin ETFs. This was reported by CNBC.
According to TradingView, the first cryptocurrency rose by 3% to $45359. It was followed by other coins from the top 10, except for Ethereum.
The growth of cryptocurrencies is associated with the fall of New York Community Bancorp shares due to increased losses. This played in bitcoin’s favor, as investors lost confidence in regional banks due to last year’s crisis and began to turn to cryptocurrencies as a means of hedging risks more often.
Traders also note that over the past two weeks, large players known as “whales” have been accumulating bitcoin. The number of wallets with more than 1000 BTC has increased significantly.
This is similar to large investors accumulating assets ahead of a strong bull cycle by the end of the year.
Bartosz Lipinski, CEO of Cube.Exchange, a cryptocurrency trading platform, said.
According to JPMorgan, the average daily trading volume of bitcoin fell by almost 30% in two weeks, and Ethereum – by 40%.
Shares of the crypto exchange Coinbase jumped by 8%, while bitcoin proxy Microstrategy increased by 14%. The value of securities of mining companies has also increased.
Earlier, SPEKA wrote that in January 2024, the market capitalization of cryptocurrencies increased by 0.4%.
