#Breaking: #Bitcoin tops $43,000 for the first time since April 2022 as #ETF optimism grows

Bitcoin is building on its upward momentum, with the flagship cryptocurrency topping $43,000 for the first time since April 2022 on Tuesday.

The price of bitcoin rose nearly 4% to $43,478.00, according to Coin Metrics, extending gains from the previous day, as the drumbeat for a spot bitcoin ETF in the U.S. grew louder. At one point, the coin traded as high as $43,977.40.

Tuesday’s gains bring bitcoin up more than 160% for the year. Ether was higher by 1.6% on the day at $2,263.76. It’s up 88% for 2023.

Bitcoin has been reaching new highs more frequently over the past several weeks; it broke through $40,000 over the weekend for the first time since April 2022, after beginning November around the $34,000 level.

Read more: https://www.cnbc.com/2023/12/05/bitcoin-tops-43000-for-the-first-time-since-april-2022-as-etf-optimism-grows