Bitcoin has surged past $44,000 for the first time since April 2022, reaching $43,794.99 and trading as high as $44,903.45, marking over 160% gains for the year, CNBC reports.
The cryptocurrency’s recent upward trend is attributed to growing optimism for the potential approval of a spot bitcoin exchange-traded fund (ETF) in the US, with expectations of a green light in early 2024.
The recent settlement between Binance and the US Department of Justice has also contributed to positive sentiment.
