Grayscale Investments

As 2024 kicks off, Bitcoin surges above the 45,000 threshold, marking its highest value since April 2022, riding on a wave of investor optimism and anticipation surrounding the possible green light for exchange-traded bitcoin funds on the spot market, according to Reuters.

Bitcoin, the leading cryptocurrency, surged nearly 5% to cross the elusive 40,000 threshold, marking its remarkable resurgence in over 18 months. This notable climb continued the digital currency's year-long recovery, fueled by anticipations of reduced interest rates and heightened demand from the exchange-traded fund (ETF) sector.