Bitcoin smashes through $45,000 as crypto rally continues into 2024

Bitcoin surged Monday and Tuesday 1st and 2nd January 2024, climbing above $45,000 to hit its highest level in nearly 21 months, as the rally in cryptocurrencies continues. Other cryptocurrencies have joined in the rally, with Ether and Solana both rising.

Traders are anticipating the potential approval of a bitcoin exchange-traded fund (ETF) in the U.S., as well as the upcoming Bitcoin ‘halving’ due to happen in May 2024.

Bitcoin 3 year chart

Bitcoin 3 year chart

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