Bitcoin’s New Year Jump Weathers Somber Start in Global Markets
- Digital asset rose over 6% in the first three days of January
- Crypto traders expect the US to soon approve spot Bitcoin ETFs
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Bitcoin has sprinted to a more than 6% gain over the first three days of January, bucking a dour start to the year in global markets.
The largest digital asset traded above $45,300 as of 6:50 a.m. Wednesday in London, buoyed by expectations that the US will soon allow the country’s first spot Bitcoin exchange-traded funds. General crypto optimism also encouraged advances in smaller coins such as Solana and Avalanche.