Jan 2, 2024

"CoinDesk Daily" host Jennifer Sanasie takes a closer look at the latest headlines moving the crypto markets, including why the price of bitcoin (BTC) has started 2024 on a roll.

Video transcript

Bitcoin burst through $45,000 as bets gain steam on a spot. Bitcoin ETF approval. Welcome to Coin Desk Daily. I'm your host, Jen Sasi. Bitcoin has toppled $45,000 for the first time in 21 months as optimism grows over a spot. Bitcoin ETF approval in the United States. A Reuters report on December 30th suggested that the Securities and Exchange Commission could notify ETF sponsors as early as today that their applications would be approved. The regulator is currently looking over 13 Bitcoin ETF proposals which includes one from Trad by Giant Blackrock. Meanwhile, traders from poly market seem confident one or more TF that invest in Bitcoin will go live in the US within two weeks. The decentralized prediction platform shows shares of the yes side of the contract which hopes for an approval by January 15th changed hands at 89 cents that represents an 89% probability of the highly anticipated event coming to fruition by the second half of the month. Those odds have increased significantly from roughly 50% only a month ago. Currently, us residents are not allowed to trade on poly market and say network say Token is emerging as the latest crypto favorite after a major rally this week and it's the leader among the 184 constituents of the broad market coin desk market index. This comes amid a rise in popularity of EVM compliant blockchains and the paralyzing process. The same network is a trading focused Blockchain backed by prominent investors and designed for speed, low fees and other features that support trading applications. Stay tuned for more Bitcoin ETF developments on coindesk.com. That's a wrap for coin desk daily today and we'll see you next time.

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