Bitcoin traded above $47,000 during the day of January 8 and the night of January 9 for the first time since April 2022. Other cryptocurrencies also rose in price: Ethereum rose around 3.8%, Cardano, Solana and Polkadot added 7% to 9%. Shares of crypto companies also rose, Bloomberg reports.
Analysts attribute the rally to expected Jan. 10 decisions by U.S. regulators on updated applications from investment companies to create exchange-traded funds (ETFs), which will allow investors to trade stocks directly backed by the cryptocurrency. larger.
In December 2023, the price of Bitcoin surpassed $40,000 for the first time since the end of April 2022. The price of the first cryptocurrency has risen rapidly since the beginning of 2023. The growth was partly driven by news of the possible approval of the first Bitcoin spot ETF.
Author:
Karina Pardaeva
Source: RB
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