Bitcoin Surges Over $47,000 On ETF Approval Hype

Last updated: February 12, 2024 5:03 AM

Published January 8, 2024 8:21 PM

Last updated: February 12, 2024 5:03 AM

Published January 8, 2024 8:21 PM

Bitcoin Surges Over $47,000 On ETF Approval Hype

The price of Bitcoin has surpassed a critical threshold as the competition to approve a spot exchange-traded fund intensifies.

Bitcoin Price Chart | Source : Trading View

At the time of writing, the cryptocurrency with the highest market capitalization in the world had surged to almost $47,000. According to CoinMarket Cap, the price of bitcoin is $47,037, up 6.85% in just 24 hours.

Bitcoin surged to this high after significant companies like BlackRock, Ark, Fidelity, Invesco, Galaxy Digital, and WisdomTree filed updated reports. Around this morning, the Bitcoin price has been back to $45,000.

Also Read: Cathie Wood Expects SEC’ Bitcoin ETF Green Light This Week

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By Jalpa Bhavsar

Jalpa is enthusiastic content writer brings a fresh perspective to simplify complex crypto topics. She started her journey as a writer with a background as a graphic designer. She possesses talent in lettering and line art and dreams of opening her own art studio. she has an ardent love for mountain.