JUST IN: Bitcoin Price Hits Above $45,000: A New Year’s Rally Fueled by ETF Optimism

Welcoming 2024 with a financial flourish, Bitcoin has triumphantly surged more than 7%, eclipsing the $45,000 threshold for the first time since the early months of 2022. This impressive ascent is propelled by the burgeoning hope amongst investors for the approval of multiple spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC). A buzz has been created in the cryptocurrency circles following a Reuters report, which suggests that the SEC might start approving these ETFs as soon as the coming Tuesday. This news has injected a fresh dose of enthusiasm into the market, painting a bullish start for Bitcoin’s journey in the new year.

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