Bitcoin takes off and breaks the barrier: why is the price rising

cryptocurrency prices They rose strongly this Tuesday and global market capitalization increased by 5.4%; Whose estimated valuation is US $ 1.83 billion. This came to the fore especially Bitcoincrossed the price barrier U$S 45,000,

The rise in prices is related to rising investor expectations about a possible earlier approval spot bitcoin etf, In fact, rumors circulating in the market indicate that approval for the new financial instrument could come this week, although there are still no official signs.

meanwhile, fear and greed indexWhich represents a thermometer of the ecosystem in general, is located in the zone of greed, with a gain of 6 points compared to the last trading day of 2023 (from 65/100 to 71/100).

Bitcoin and Ethereum price: how much they are trading at today, Tuesday, January 2

Bitcoin ,B T c), the oldest and most popular cryptocurrency on the market, saw its price rise by 6.3% in the last 24 hours and, in contrast to US$43,000 last week, today it was almost US$45,500,

Despite the reduction seen in the last week, it is worth remembering that BTC has gained 158.4% on the year according to Coingeco, a site specializing in price monitoring of crypto assets.

Ethereum ,ETH), for its part, recorded a rise of 4.1% on the last day. Thus, the second most relevant cryptocurrency began to be listed on the market. U$s 2,399,