Posted 1/2/2024, 2:03:26 AM
Bitcoin Briefly Tops $45K in New Year's Rally, Building Momentum After 175% Annual Gain
- Bitcoin briefly surpassed $45,000 on New Year's Day, a level last seen in April 2022
- This echoes early 2022 when Bitcoin oscillated above $45,000 before sinking as low as $15,742 in November
- Bitcoin is up over 171% compared to last year and has seen significant gains in the past month
- Anticipation of SEC approval for a Bitcoin spot ETF may be driving upward price movement
- Psychological barriers like $45,000 represent confidence boosts that could create a flywheel effect for further gains