Bitcoin has gained 7.2% over the past 24 hours to reach an intraday high of $45,498 during the Tuesday morning Asian trading session. Prices remained flat over the holiday weekend but have started to move as the first working week of the new year begins.
The big move has pushed the world’s largest digital asset to its highest level since March 2022, almost two years ago.
The move also means that BTC is now just 34% down from its all-time high of $69,000 in November 2021.
Welcome to 2024, The Year of #Bitcoin. pic.twitter.com/wHCyH8RHJa
— Michael Saylor (@saylor) January 1, 2024
ETF Hype Driving BTC
On Jan. 2, Cameron Winklevoss said “Bitcoin is already looking like it will be the best-performing asset of the year (same as last year).” Custodia Bank CEO Caitlin Long added, “Bitcoin is *already* the best-performing asset of 2024!”
Moreover, trader and analyst “Nebraskangooner” eyed $48,000 for the next leg up should the momentum continue.
#Bitcoin
Good grief this thing m
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