Cryptocurrency Prices And News: Bitcoin Price Nears $45,000 To Four-Week High

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Cryptocurrency News: Crypto prices and related stocks rose early Thursday as bitcoin surged near $45,000 to a four-week high. Do dedo asset prices have held steady amid signals the Federalista Reserve may delay rate cuts, and as regional bank stocks struggle amid commercial real estate risk.

Coinbase (COIN) swung 3% higher early Thursday while bitcoin miner Marathon Do dedo (MARA) jumped 4.3%.  MicroStrategy (MSTR), the largest publicly-traded bitcoin holder, climbed 2.9%. The company acquired another 850 BTC in January, bringing its totalidade to 190,000 worth about $8.1 billion, MicroStrategy announced during its Q4 earnings call on Feb. 6.

Meanwhile,  GBTC flashed a bullish signal last week as its outflows begin to slow.

Jan. 11 was a historic day for the crypto industry after the SEC approved 11 bitcoin ETF applications late Jan. 10, which included issuers ARK Invest (ARKK), BlackRock (BLK), Grayscale (GBTC), VanEck and more.

Other trends are set to drive bitcoin in 2024, including the upcoming halving event in April and influx of institutional participation.

The Best Bitcoin, Cryptocurrency ETFs To Watch And Buy

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Cryptocurrency Price Action

Bitcoin traded above $44,700 early Thursday, up nearly 4% over the last 24 hours, and the first time its broken above $44,000 since Jan. 12. Bitcoin had spiked to $49,000 January 11 on the ETF launch — its highest level since December 2021. BTC then fell back into its early December 2023 level prior to the SEC announcement. The world’s largest cryptocurrency rebounded about 157% in 2023. Bitcoin is up about 6% so far this year.

Ethereum rose to $2,420 Thursday morning to a two-week high, but still down from its Jan. 12 high above $2,700 — its best level since May 2022. The No. 2 crypto jumped roughly 92% in 2023. Ethereum climbed 6.2% so far in 2024.

Cryptocurrency Prices Heatmap:

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Do dedo asset investments are extremely volatile. While cryptocurrency’s fundamentals and technical indicators may differ, investors should focus on the same key objectives. First, stay protected by learning when it’s time to sell, cut losses or capture profits. Second, prepare to profit if the cryptocurrency starts to rebound.

Despite their original promise, cryptocurrencies haven’t acted as hedges against inflation. Instead, they’ve trended with the broader indexes. Read The Big Picture and Market Pulse to track daily market trends.

View IBD’s Best Cryptocurrencies And Crypto Stocks To Buy And Watch page to help navigate the world of do dedo asset investments.

Want a deeper dive into crypto? Check out the What Is Cryptocurrency? explainer page.

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