The first days of the year 2024 are already starting to leave a good feeling for investors and traders, this if we take into consideration the upward rebound that led the Bitcoin to touch the $45,000 area, a momentum that generates confidence for the following months of the year.
Now, it is relevant to mention that this recent upward momentum not only generates confidence for the following months of the year, but also has created or rather has returned excitement to the cryptomarkets, for example the cryptomarkets in the Asian session saw very positive the movement to the $45,000 zone that marked the BTC, an element that in my view is very positive for the entire cryptocurrency market.
The truth is that according to William Suberg, "Amid renewed enthusiasm for the approval of the first bitcoin exchange-traded fund (ETF) in the United States, the BTC/USD pair gained strength to reach USD 45,922 on Bitstamp."
For Suberg, "Rumors abounded about the approval of an ETF, including a possible decision before the official approval deadline, which begins on January 4," and this somehow created a positive expectation around the health of the market.
"Traders had no doubts about the source of the latest BTC price rise. In an update to subscribers on X (formerly Twitter), Crypto Tony described the "anticipation" for the approval of the first ETF"
SOURCES CONSULTED
Cointelegraph. Bitcoin targets $48K in ‘spot-driven’ BTC price rally. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
