Jan 2, 2024

Bitcoin (BTC) is starting the new year off strong, as the largest cryptocurrency by market cap surged close to $46,000, its highest level since April 2022.

Video transcript

The chart of the day is presented by crypto.com, the leading crypto platform trusted by over 80 million users worldwide. Happy New Year, everyone. Welcome to the first chart of the day of 2024. Bitcoin is starting the new year above $45,000 which is its highest level since April 2022. The latest move comes amid anticipation that the SEC will green light. A number of spot. Bitcoin ETF S A Reuters report over the weekend suggested the regulatory agency could begin notifying ETF sponsors as soon as today that their applications will be approved. However, some market watchers believe that even if the ETF approved the price of Bitcoin may not immediately experience a significant rally crypto quant predicts Bitcoin could correct itself to as low as $32,000 after the potential approval of a spot ETF traditional finance heavyweights including Blackrock and VK are among the 13 companies with spot Bitcoin ETF applications in the running. That's a wrap for today's chart of the day. I'm Jen Sasi. We'll see you next time to unpack more of the data behind shop news stories.

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