Bitcoin price hits 21-month high




dba


Published on: Wednesday, January 3, 2024 – 12:21 AM | Last Updated: Wednesday, January 3, 2024 – 12:21 AM

The price of the encrypted digital currency surpassed $45,000 per unit for the first time in nearly two years, in light of expectations that exchange-traded investment funds will be allowed to invest directly in digital currencies.

The world's largest cryptocurrency rose 5.2% today, hitting its highest level since April 2022, as it traded at $45,443 per unit at 7 a.m. New York time, Bloomberg News Agency reported on Tuesday. The price of Ether, the world's second largest digital currency, rose 4.1% this morning, as did the prices of other official currencies.

Since the beginning of last December, the price of Bitcoin has risen by 20%, as the January 10th deadline for the announcement of the decision of the Securities and Trade Commission regarding the investment of commercial investment funds in Bitcoin approaches.

For his part, Hayden Hughes, co-founder of online trading platform Alpha Impact, said there were concerns among some traders in the US and Europe before the immediate approval of investment funds that could trade in digital currencies, and investors started buying the currency. to the morning of the first day of the new year.

The price of bitcoin reached around $50,000 per unit in options trading today, supported by optimism about the outcome of tradable investment funds.

See also  Oil is clearly down as markets await the results of the US Federal Reserve meeting!
  • Nadia Barnett

    "Award-winning beer geek. Extreme coffeeaholic. Introvert. Avid travel specialist. Hipster-friendly communicator."

    Related Posts

    UAE Powering Gaming Boom in the Middle East

    The gaming industry in the Middle East is experiencing a growth spurt, with Saudi Arabia and the United Arab Emirates (UAE) among the countries attracting major investments. However, this digital…

    • Economy
    • January 11, 2024
    • 802 views
    By Reuters Oil prices rose amid rising tensions in the Middle East

    © Reuters. An oil pump crane in an oil field in Canada. Image from Reuters archive. BEIJING (Reuters) – Oil rose in Asian trade as markets weighed rising tensions in…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Best Kitchen Renovation Ideas to Upgrade Your Space

    Where to Get a Professional Massage in Dubai

    Where to Get a Professional Massage in Dubai

    Dog Spay Surgery 101: Benefits, Risks, Cost, and Aftercare

    Dog Spay Surgery 101: Benefits, Risks, Cost, and Aftercare

    Nail Artistry Unleashed: The Definitive Guide to Acrylic Nails

    Nail Artistry Unleashed: The Definitive Guide to Acrylic Nails

    Celebrity Beauty Secrets: CoolSculpting’s Popularity Among Dubai’s Elite

    Celebrity Beauty Secrets: CoolSculpting’s Popularity Among Dubai’s Elite

    Climate Change Threats to Turtle Nesting Habitats

    Climate Change Threats to Turtle Nesting Habitats