Bitcoin Skyrockets to $45,000, Reaching Highest Price in Nearly 21 Months. Analysts Anticipate 2024 Crypto Rally
Bitcoin surged late Monday, topping $45,000 to hit its highest level in nearly 21 months as the cryptocurrency rally continues into 2024. Traders are excited about the potential approval of a bitcoin exchange-traded fund in the U.S. and the upcoming bitcoin "halving." Bitcoin's price continues to climb following a stellar 2023, which saw the digital currency's value soar by 152%, with many analysts predicting the upward trend will persist. Other cryptocurrencies, including Ether and Solana, experienced a rally, with Ether increasing by approximately 4.5% to $2,405 and Solana surging 11% to around $115 in early morning trading, based on CoinDesk data.
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00:00 It's Benzinga and here's what's on the block. Bitcoin surged late Monday, topping $45,000
00:05 and hit its highest level in nearly 21 months as the cryptocurrency rally continues into 2024.
00:10 Traders are excited about the potential approval of a Bitcoin exchange-traded fund in the US
00:14 and the upcoming Bitcoin halving. Bitcoin's price continues to climb following a stellar 2023,
00:19 which saw the digital currency's value soar by 152%, with many analysts predicting the upward
00:24 trend will persist. Other cryptos, including Ether and Solana, experienced a rally, with Ether
00:29 increasing by approximately 4.5% to $24.05, and Solana surging 11% to around $1.15 in early
00:35 morning traders. For all things money, visit Benzinga.com.