Bitcoin Sprints into the New Year, Surpassing $45K Mark

• Bitcoin Price Surges over 6% Kickstarting the New Year
• Anticipation Rises for Spot Bitcoin ETFs Launch
• Current Trading Figures

Bitcoin Price Surges over 6% Kickstarting the New Year

The first day of the new year saw Bitcoin$42,260 -0.64% (BTC), the leading digital currency, skyrocketing over 6%, bursting through the $45,000 barrier for the first time since early April 2022.

Anticipation Rises for Spot Bitcoin ETFs Launch

The surge in Bitcoin's price continues to be driven by the anticipation that the U.S. Securities and Exchange Commission (SEC) will approve the launch of several spot Bitcoin ETFs. A report from Reuters suggested that the regulatory body may start informing ETF sponsors of their successful applications come Tuesday.

Current Trading Figures

In recent trade activity, Bitcoin showed a positive trend with a price sitting at $45,135, marking an increase of 6.35% and a 24 hour rise of 5.6%. The broader cryptocurrency market also shows a promising upward trend. Ether (ETH) is ahead by 4%, while Solana$104 5.03% (SOL) and Avalanche (AVAX) have experienced a 9% increase.

Edited by Jonathan Stoker