Bitcoin Surges Past $45,000 as Price Hits Month-Long High

Bitcoin Price Surges Above $45,000, Boosted by U.S. Spot Bitcoin ETFs Trading

The price of bitcoin reached a new milestone today, surpassing $45,000 for the first time since January. This significant surge is attributed to the recent commencement of trading for U.S. spot bitcoin ETFs, which has generated increased interest and investment in the cryptocurrency. According to Coin Metrics, the price of bitcoin is currently up by nearly 3% at $45,391.18, leading to a positive ripple effect on other crypto-related stocks. However, while bitcoin soars, the value of ether remains relatively stagnant.