š Bitcoin Breaks $45,000: Surge Continues on ETF Approval Hope! šš¹
Bitcoin has achieved a milestone, surpassing $45,000 for the first time in nearly two years, fueled by heightened anticipation of approval for an exchange-traded fund (ETF) directly investing in the cryptocurrency. šāØ As the Jan. 10 deadline for the US Securities and Exchange Commission (SEC) approaches, the crypto market experiences a wave of excitement.
š Key Highlights:
1. Record-Breaking Rally: Bitcoin Hits 2-Year High!
Bitcoin soared over 20% since December, reaching levels not seen since April 6, 2022. Currently trading at $45,355, the cryptocurrency is riding high on optimism surrounding the potential approval of a spot ETF.
2. ETF Approval Countdown: Traders Eager to Join the Action!
With the Jan. 10 SEC deadline looming, the fear of missing out (FOMO) grips traders in the US and Europe. Investors wasted no time, initiating purchases on New Year's morning, showcasing the urgency and excitement surrounding the upcoming approval.
3. Options Traders Optimistic: $50,000 Target in Sight!
Options traders have been placing bullish bets, anticipating Bitcoin's ascent to $50,000, driven by optimism surrounding the spot ETF. The market sentiment remains bullish, and some believe that shorting BTC would require "nerves of steel."
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