Bitcoin Price Prediction: BTC Still Rejected at $45,000 – Can it Breakthrough Before 2024?

Bitcoin Price Prediction: BTC Still Rejected at $45,000 – Can it Breakthrough Before 2024?

December 22, 2023

By Arslan Butt | @arslan-butt

Bitcoin, the world’s most prominent cryptocurrency, continues to show resilience, hovering around the $44,000 mark. As of this writing, the global crypto market capitalization stands at an impressive $1.66 trillion, marking over 2% surge in the last 24 hours.

Bitcoin’s recent surge past $44,000 can be linked to ongoing discussions about Bitcoin ETFs involving major players like BlackRock, Nasdaq, and the SEC.

The crypto market has experienced substantial growth, with a notable 16% gain this month and a remarkable 165% increase year-to-date.

This surge follows significant developments, including Argentina’s official adoption of Bitcoin as its national currency and El Salvador’s new law offering citizenship to foreign Bitcoin investors.

These milestones are fueling optimism and driving positive sentiment in the cryptocurrency arena, as the market anticipates further breakthroughs.

Crypto Market Reaches $1.66T, Bitcoin at $44K Pre-Christmas

The global crypto market cap has surged to $1.66 trillion, with Bitcoin touching the $44,000 mark just ahead of Christmas.

This increase is partly attributed to a key meeting involving BlackRock, Nasdaq, and the SEC, discussing a Bitcoin ETF, which sent strong positive signals, fostering an optimistic market sentiment.