The Bitcoin Breaks the $45,000 Threshold for the First Time Since April 2022
The price of Bitcoin has recently experienced a significant increase, surpassing the $45,000 mark. This rise, seen for the first time since April 2022, reflects growing optimism among investors.
Anticipation surrounding the potential approval of Bitcoin spot ETFs by the Securities and Exchange Commission (SEC) in the United States seems to be a key factor in this upward trend.
According to data, Bitcoin has risen by approximately 4.5% in 24 hours, reaching a peak of $45,922 before stabilizing slightly around $45,700 at the time of writing this article. This positive momentum could also be attributed to several factors, including recent news concerning major financial institutions such as Blackrock and Fidelity, which have confirmed the names of brokers supporting their BTC operations.
The Bitcoin Soon to Reach $50,000?
Cryptocurrency market analysts, such as Markus Thielen from Matrixport, suggest that Bitcoin could even surpass $50,000 by the end of the week.
This prediction is based on the absence of significant sellers in the market and increasing buying pressure.
However, according to many experts, the price of BTC could completely reverse in the coming weeks, given the extremely high fundings, potentially marking a local top for the cryptocurrency market as a whole.
