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Bitcoin Hits $45,000, Highest Since April 2022

Bitcoin Hits $45,000, Highest Since April 2022

Bitcoin this week surpassed 45 thousand dollars, a price it last reached in April 2022, but it is still far from its all-time high of 68 thousand dollars.

After closing the year 2023 above the round figure of 40,000 dollars (more than 150% above the value at the start of 2023), Bitcoin, according to the newspaper Expresso, continues to appreciate at the start of the year. This Tuesday, the main cryptocurrency was trading above 45 thousand dollars.

The last time the main cryptocurrency reached this value was in April 2022, during the cycle of falls that followed the all-time high of November 2021, the month in which it peaked at 68 thousand dollars.

Bitcoin’s valuations come at a time when the Securities and Exchange Commission (SEC), the supervisor of the US securities markets, is expected to approve exchange-traded funds (ETFs) in January that will track the price of Bitcoin on the spot markets.

Private equity fund Blackrock and asset manager Fidelity will be in the running to offer this financial derivative to their clients, among the 13 ETFs currently up for approval, according to Reuters.

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After almost two years of normalisation of monetary policy, with accelerated interest rate rises by the US Federal Reserve, a reduction in interest rates is expected sooner than expected, given the sharp slowdown in inflation in the US economy. A possible relief that is helping the optimism surrounding the price of this cryptocurrency.

Reuters

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