{"id":2138331,"date":"2024-01-02T12:08:02","date_gmt":"2024-01-02T17:08:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bitcoin-climbs-above-45000-to-21-month-peak-as-new-year-kicks-off\/"},"modified":"2024-01-02T12:13:50","modified_gmt":"2024-01-02T17:13:50","slug":"bitcoin-climbs-above-45000-to-21-month-peak-as-new-year-kicks-off","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bitcoin-climbs-above-45000-to-21-month-peak-as-new-year-kicks-off\/","title":{"rendered":"Bitcoin soars past $45,000, reaching a 21-month high as the new year begins"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbitcoin-climbs-above-45000-to-21-month-peak-as-new-year-kicks-off%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2138331&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<p><strong>January 2, 2024 \u2013 6:55 AM PST<\/strong><\/p>\n<p><strong>(Reuters) \u200d\u2013 Bitcoin galloped past $45,000 on Tuesday, for the first time since April \u200d2022, as the\u2063 world\u2019s biggest\u2064 cryptocurrency\u2063 started the new year\u200c with a bang, buoyed by\u2064 optimism around the\u200b possible approval of exchange-traded spot\u2063 bitcoin funds.<\/strong><\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p><strong>Bitcoin\u200d touched a 21-month peak of $45,922, \u2062having gained 156% \u200blast year \u200din\u2062 its strongest \u200byearly \u2062performance since 2020. It was last up 3.1% at\u2064 $45,509 but remains far off the record high of \u200c$69,000 it hit in November 2021.<\/strong><\/p>\n<p><strong>The no. 2\u200b cryptocurrency \u2064ether was 1.2% higher at $2,386.50 on Tuesday, having surged 91% \u2062in 2023.<\/strong><\/p>\n<p><strong>Crypto stocks, which mirror bitcoin \u200dprice moves, surged, with Riot Platforms (RIOT.O), Marathon Digital \u2062(MARA.O)\u2062 and CleanSpark (CLSK.O) gaining \u200cbetween \u20637% and 10% after \u200dsharp falls in \u2062the last trading day of\u2063 2023.<\/strong><\/p>\n<p><strong>Software \u2063firm and bitcoin investor\u200d MicroStrategy (MSTR.O) added 13.4%, while ProShares Bitcoin Strategy ETF (BITO.P), which tracks bitcoin \u2063futures, added 7.8%.<\/strong><\/p>\n<p><strong>Investor focus has squarely been on whether the U.S. securities regulator will \u2062soon approve a \u200bspot bitcoin ETF, which would \u2063throw open \u2064the market to millions\u2063 more investors and \u200bdraw billions in investments.<\/strong><\/p>\n<p><strong>The U.S. Securities and Exchange Commission has rejected \u2064multiple applications to launch spot\u2062 bitcoin ETFs in \u2063recent \u200cyears, arguing that the cryptocurrency market is vulnerable\u200d to \u2063manipulation.<\/strong><\/p>\n<p><strong>In recent months, however, there have been increasing signs regulators are prepared to sign off on at least some of the 13 proposed \u200cspot bitcoin\u200d ETFs, with expectations the decision will likely come \u2062in early January.<\/strong><\/p>\n<p><strong>\u201cWe\u200b expect a positive approval \u200cand I won\u2019t be surprised\u2063 if after the approval, \u200bwe see a retracement\u2063 of lower price levels before \u2062we go up \u200bagain,\u201d\u200d said Matteo Greco, analyst \u200bat digital asset \u2064firm Fineqia International (FNQ.CD).<\/strong><\/p>\n<p><strong>A spot bitcoin ETF approval \u200dwould \u201copen the door \u2063to cohorts \u2064of investors that are out \u200cof this market\u2064 at the moment and will\u200d definitely improve the liquidity of the market,\u201d Greco added.<\/strong><\/p>\n<p><strong>Rising bets that major \u2062central banks will\u200b <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breitbart-business-daily-the-rumble-and-the-ruble-how-the-wests-sanctions-on-russia-strengthen-the-ruble-and-threaten-globalization\/\" title=\"Breitbart Business Daily: The Rumble and the Ruble\u2014How the West\u2019s Sanctions on Russia Strengthen the Ruble and Threaten Globalization\">cut interest rates<\/a>\u2064 this year has also been a boon for cryptocurrencies, helping\u2063 shake off the gloom \u2064that had settled\u200c over crypto markets following\u2063 the collapse of\u2063 FTX and \u200cother crypto-business failures in 2022.<\/strong><\/p>\n<p><strong>Crypto markets could further their gains in 2024 as bitcoin tends to perform during U.S. election \u2064years,\u200d coinciding with Bitcoin halving \u200ccycles in 2012, 2016 and \u200c2020, said Markus \u200dThielen, \u200dfounder\u2063 of \u2063digital asset \u2063research firm \u206210x Research.<\/strong><\/p>\n<p><sup><strong>Reporting \u200bby Ankur Banerjee in Singapore and\u2064 Summer Zhen in Hong \u200cKong, additional reporting by Medha Singh in Bengaluru; Editing by Jacqueline Wong, Shri \u200bNavaratnam and Krishna Chandra Eluri<\/strong><\/sup><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\t<strong>Share this post!<\/strong>\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>It is officially the\u200d 2024 election year and states\u200d across the country are <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/2-nyc-men-accused-of-staging-at-least-8-fake-armed-robberies-to-gain-immigration-benefits\/\" title=\"2 NYC men allegedly faked 8 armed robberies for immigration benefits\">enacting controversial laws<\/a>.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Ringing in the new \u2063year is \u2064a tradition celebrated across the globe.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>From showcasing the Biden Administrations failures \u200cto \u200cthe investigation into the Biden family. House Oversight Committee\u200d Republicans made major strides last year.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Israeli\u200d hostage Mia Schem gives her first interview since \u2064being released by her captors\u2063 in\u200d Gaza.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Bitcoin galloped past $45,000\u200c for the first\u2064 time since April\u200c 2022, buoyed by optimism \u200baround the \u200bpossible approval of <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wall-st-kicks-off-2024-on-a-dull-note-as-yields-rise-apple-dips\/\" title=\"Wall Street starts 2024 on a lackluster note with rising yields and Apple's decline\">exchange-traded spot bitcoin funds<\/a>.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>December 22, 2023 \u2013 \u20626:05\u2062 AM PST HONG \u200cKONG (Reuters) \u2013 Chinese regulators announced on\u2062 Friday\u200c a wide range of rules aimed\u2026\u2064 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>One of the main bottlenecks \u2064for Tesla is the speed it can make the 4680 batteries used in the Cybertruck with its new <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/navy-vet-defends-beheading-satanic-statue\/\" title=\"Navy vet supports beheading Satanic statue\">dry-coating technology<\/a>.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>A group of 11 nonfiction authors have joined \u200ba lawsuit \u200cin Manhattan\u200b federal court that accuses OpenAI and Microsoft of misusing books the authors have written to train their models.<\/strong><\/p>\n<\/p><\/div>\n<p> \u200b rnrn  <\/p>\n<h2> What impact do \u200dexperts predict the approval of a spot\u2064 bitcoin ETF will have on the market and investor participation<\/h2>\n<p><span>  Formal Article: Bitcoin\u2063 Surges Above $45,000, Boosted by Optimism for Spot Bitcoin ETF Approval<\/p>\n<p>January 2, 2024 \u2013 6:55 AM PST<\/p>\n<p>(Reuters) \u200d\u2013 Bitcoin galloped past $45,000 on Tuesday, \u2064for the first\u200c time since April \u200d2022, as the\u200b world&#8217;s biggest cryptocurrency started the new year with a bang, \u2062buoyed by optimism around the \u2064possible \u2062approval of exchange-traded spot bitcoin funds.<\/p>\n<p>Bitcoin\u200d touched a 21-month peak of $45,922, \u2062having gained 156% \u2064\u2060last year in\u2062 its strongest yearly \u2062performance since 2020. It was last up 3.1% at\u2064 $45,509 but remains far off the record high of \u200c$69,000 it hit \u200din\u2062 November 2021.<\/p>\n<p>The no. 2 cryptocurrency \u2064ether was 1.2% higher at\u2062 $2,386.50 \u200don Tuesday, having surged 91% \u2062in 2023.<\/p>\n<p>Crypto stocks, which mirror bitcoin \u200dprice moves, surged, with Riot Platforms (RIOT.O), Marathon Digital\u200c \u2062(MARA.O)\u2062 and CleanSpark (CLSK.O) gaining \u200cbetween \u20637% \u2064and 10% after the sharp falls in \u2062\u2062the last trading \u2064day of\u2063 2023.<\/p>\n<p>Software \u2063firm \u200dand bitcoin investor\u200d MicroStrategy (MSTR.O) added 13.4%, while ProShares Bitcoin\u200d Strategy ETF (BITO.P), which tracks\u2063 bitcoin \u2063futures, added 7.8%.<\/p>\n<p>Investor focus has squarely been \u200bon whether the U.S. \u200bsecurities \u2062regulator will \u2062soon approve a\u200b spot bitcoin ETF, which would throw open \u2064the market to millions\u2063\u2063 more\u200c investors and draw billions in investments.<\/p>\n<p>The U.S. Securities and \u200bExchange Commission has rejected \u2064\u2064multiple applications to launch spot\u2062 bitcoin ETFs in\u200d recent \u200cyears, arguing that the cryptocurrency \u2064market is vulnerable\u200d to \u2063manipulation.<\/p>\n<p>In recent months, however, there have been increasing signs regulators are prepared to sign off on at least some of the \u206213\u200d proposed\u2063 \u200cspot bitcoin\u200d ETFs, with expectations the decision will likely come \u2062in early January.<\/p>\n<p>&#8220;We\u2062 expect\u2063 a positive approval \u200cand I won&#8217;t \u200cbe surprised\u2063 if after the approval, \u200bwe see a retracement\u2063 of \u2062lower price \u200dlevels before \u2062we\u200b go up \u200bagain,&#8221;\u200d said Matteo Greco, \u2064an analyst \u200bat digital asset \u2064firm Fineqia International (FNQ.CD).<\/p>\n<p>A\u200b spot bitcoin ETF\u200c approval \u200dwould\u2063 &#8220;open the door \u2063to cohorts \u2064of investors that are out \u200cof this market\u2064 at the moment and will\u200d definitely improve the liquidity of the\u2063 market,&#8221; Greco added.<\/p>\n<p>Rising bets that major\u2063 \u2062central banks will\u202fcut interest rates\u2064 this year has also been a boon for cryptocurrencies, helping\u2063 shake off the gloom \u2064that had\u2063 settled over\u200d crypto markets following\u2063 the collapse of\u2063 FTX\u2064 and \u200cother crypto-business failures in 2022.<\/p>\n<p>Crypto markets could further their gains in 2024 as bitcoin tends to\u200d perform\u200c during U.S. election \u2064years,\u200d coinciding with \u200bBitcoin halving \u200ccycles in 2012, 2016,\u200d and \u200c2020, said Markus \u200dThielen, \u200dfounder\u2063 of \u2063digital asset \u2063research firm \u206210x Research.<\/p>\n<p>Reporting by Ankur Banerjee in Singapore and\u2064 Summer Zhen in Hong \u200cKong, additional reporting by \u2062Medha Singh in\u200d Bengaluru; Editing by Jacqueline Wong, Shri \u200bNavaratnam.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin surged past $45,000 on January 2, 2024, reaching its highest level since April 2022. The cryptocurrency&#8217;s strong start to the year was fueled by optimism regarding the potential approval of exchange-traded spot bitcoin funds. Bitcoin hit a 21-month peak of $45,922<\/p>\n","protected":false},"author":1911,"featured_media":2138332,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2138331","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2138331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1911"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2138331"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2138331\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2138332"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2138331"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2138331"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2138331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}