Bitcoin initiates a rally in 2024, with other currencies following suit. Bitcoin surged approximately 5%, surpassing $45,800, reaching its highest level since March 2022. Ether also experienced a gain of over 3%, reaching $2,400, driven by optimism surrounding the potential approval of a spot Bitcoin exchange-traded fund (ETF) by US authorities. Recent submissions by companies, including BlackRock Asset Management, outlined details of their arrangements with marketmakers to ensure efficient and liquid trading. The US Securities and Exchange Commission may decide this week on the clearance for launching the ETF in the following week, as reported by Reuters, citing sources familiar with the matter. In 2023, Bitcoin recorded a remarkable 156% gain, marking its strongest yearly performance since 2020, while Ether increased by 91%
Bitcoin Rallies to Kick Off 2024
