It's the second day of the year Tuesday, January 2, 2024, and here's a quick round-up of the latest cryptocurrency news:
Market Movement:
- Bitcoin (BTC) rallies past $45,000 level, reaching its highest mark since April 2022, this is fuelled by optimism surrounding the potential Bitcoin ETF approval in the US.
- Ethereum (ETH) also climbs, breaching $3,400, as the broader market shows strong momentum.
- Altcoins are however, experiencing varied performance, with some major tokens like Solana and AVAX seeing gains, while others like DOT and BNB remain relatively flat.
- BlackRock files for Ethereum-based ETF: The financial giant's move further reinforces institutional interest in crypto and could fuel ETH adoption.
- Bitstamp USA CEO explains "greatest impact" of potential spot bitcoin ETFs: The potential for increased liquidity and market efficiency is seen as a major benefit, attracting new investors and boosting confidence.
- The year starts with Indonesia's Law Enforcement Clamping Down on 10 Bitcoin Mining Operations: The crackdown raises concerns about regulatory pressure on miners in the Southeast Asian nation.
- Analysts say crypto stocks tumbling at year-end was a "healthy" pullback.
- New Year stats reveal 11% decrease in installed Bitcoin ATMs.
Remember, the crypto market is dynamic and can change rapidly. Stay informed, conduct your own research, and be cautious before making any investment decisions.