Bitcoin exceeds $45,000 — some expect it to reach $50,000 | CoinDesk JAPAN

Bitcoin (BTC) exceeded the $45,000 level (approximately 6.75 million yen, converted at 150 yen to the dollar) on the 8th for the first time since the day after trading in spot ETFs (exchange traded funds) began on January 11. . At the time of writing, it was trading at $45,034, an increase of 4.9% in the past 24 hours, slightly outpacing the 4.4% rise in the CoinDesk 20, which measures the overall performance of the crypto asset market.

Laurent Ksiss, crypto asset ETP (exchange traded financial product) specialist at CEC Capital, said, “If it exceeds $45,000, early investors who invested in a Bitcoin ETF will is almost in the money. If this rally continues, there may be some profit-taking, and a reversal that tests the $42,000/$40,000 level could occur.” said.

Contrary to Kissis, LMAX Digital expects Bitcoin to rise further and potentially reach the $50,000 level, in a note to investors on Tuesday morning. pointed out. “Technically, Bitcoin has broken out of the range and could be looking for a new year-to-date high of $50,000,” he said.

Ethereum (ETH) also rose 3% to a two-week high after asset managers Ark Invest and 21Shares amended their joint Ethereum spot ETF filing on the 7th. reached.

｜Translation and editing: Rinan Hayashi
｜Image: CoinDesk
｜Original text: Bitcoin Breaks Above $45K, Traders Predict a Possible $50K Push