Breaking through the $44,000 mark! The prospect of a Bitcoin ETF boosts market confidence.
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Bitcoin broke through the $44,000 mark, reaching its highest level since April 2022. Bitcoin has risen over 160% this year, and the increasing demand for the highly anticipated US Bitcoin Exchange Traded Fund (ETF) has further boosted its upward momentum. Meanwhile, Ethereum has risen 88% year-to-date. Investors are also looking forward to the Bitcoin halving, which is expected to occur in the spring of 2024. The settlement between Binance and the US Department of Justice is seen as a major obstacle to cleaning up the cryptocurrency industry following the FTX incident.
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