The best-known cryptocurrency started the year with a bang, helped by optimism about the possible approval of Bitcoin spot exchange-traded funds: Bitcoin rose above $45,000 on Tuesday for the first time since April 2022.
The digital currency hit a 21-month high of $45,488. Last year, the cryptocurrency had already risen 154 percent, achieving its strongest performance since 2020.
However, Bitcoin is still far from the all-time high of $69,000 that the cryptocurrency reached in November 2021. Ether, the coin linked to the Ethereum blockchain network, rose one percent to $2,376 on Tuesday.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
