Popular cryptocurrency platform, Bitcoin on Tuesday surged beyond $45,000 for the first time since 2022 April.
With its highest year performance since 2020, Bitcoin gained 156 per cent in 2022 and reached a 21-month high of $45,532.
However, the new high is still far from the record high of $69,000 it achieved in November 2021, even though it was up 2.5% at $45,318 as of late.
After rising 91 per cent in 2023, ether, the token associated with the Ethereum blockchain network, was 1.45 per cent higher at $2,386 on Tuesday.
The development comes amid hope surrounding the potential licensing of exchange-traded spot bitcoin funds.
Meanwhile, the main concern among investors has been whether the U.S. securities regulator will soon authorize a spot bitcoin ETF, which would attract billions of dollars in investments and open up the bitcoin market to millions more people.
The Central Bank of Nigeria, CBN, in December 2023, lifted ban on crypto transactions in the country.
