Bitcoin's price kicked off the year surpassing the $45,000 mark for the first time since April 2022, and there is optimism surrounding the future of the crypto ecosystem for 2024 for several reasons, primarily linked to the currency's own operation and the likely approval of exchange-traded bitcoin spot funds.
On Tuesday, the cryptocurrency almost touched $46,000, reaching $45,890.95 at 4:06 am ET, before paring its gains. Bitcoin's price is still far from the $69,000 it reached in November 2021, its historic maximum, but it has recovered quite well from its cycle-low of $16,000 in 2022.
