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International Business Times

Business

Nica Osorio

Bitcoin Kicks Off 2024 By Exploding Past $45K Days Ahead Of Possible BTC ETF Approval

Bitcoin ETF SEC Crypto CoinMarketCap

Bitcoin standing on edge amongst other scattered bitcoins. (Credit: QuoteInspector.com/flickr)

Bitcoin (BTC), the world's oldest and largest crypto asset by market capitalization, kicked off 2024 on a high note as it surged above the $45,000 price level late Monday – a first since April 2022 and just days ahead of the potential approval of the highly anticipated crypto investment vehicle, spot Bitcoin exchange-traded fund (ETF).

BTC climbed to an intra-day high at around 10:30 p.m. ET on Monday, trading above the $45,000 price level for the first time in 21 months, data from CoinMarketCap showed.

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