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<ul>
 <li>Bitcoin’s impressive new year start sees it surpassing $45,<a href="https://cryptonewsland.com/cathie-wood-remains-confident-bitcoins-potential-to-reach-1000000-by-2030/" rel="noopener noreferrer nofollow">000</a>, marking a 7% increase.</li>
 <li>The surge is fueled by heightened expectations of SEC approval for spot Bitcoin ETFs.</li>
 <li>Bitcoin’s price stands at over $45,000, with bullish predictions targeting $50,000 in early 2024.</li>
</ul>
<p>Bitcoin’s Phenomenal Start to 2024: Surpassing $45,000 Mark Sparks Optimism</p>
<p>As the new year unfolds, Bitcoin has made a dazzling entrance into 2024, surging beyond the $45,000 threshold for the first time since early 2022. In a remarkable display of strength, the cryptocurrency has witnessed a 7% increase in value within the initial hours of the year, setting a decidedly bullish trend.</p>
<p>This upward trajectory is part of a recent pattern primarily propelled by soaring expectations regarding the potential approval of several spot Bitcoin Exchange-Traded Funds (ETFs) by the U.S. Securities and Exchange Commission (SEC).</p>
<p>Currently, Bitcoin’s value stands proudly at over $45,000, signifying an impressive 8% growth within the past 24 hours. If BTC can maintain this momentum in the days to come, it could very well reach the coveted price point of $50,000, possibly as soon as the first quarter of 2024.</p>
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  <blockquote class="wp-embedded-content" data-secret="LmsOgShGVl"><a href="https://cryptonewsland.com/bitcoin-btc-price-prediction/" rel="noopener noreferrer nofollow">Bitcoin (BTC) Price Prediction 2023 to 2031: Will BTC Price Hit $69K Soon?</a>
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<p>The driving force behind Bitcoin’s current surge lies in the anticipation of the SEC’s approval of spot Bitcoin ETFs. A recent report by Reuters, released over the weekend, suggested that the SEC may start informing ETF sponsors about their approval as early as today. This revelation has ignited a surge of positive market sentiment, reflecting a widespread optimism regarding Bitcoin’s mainstream adoption and recognition.</p>
<p>However, even as Bitcoin basks in this bullish spotlight, leading market analysts have sounded a note of caution. They warn that the cryptocurrency may undergo a price correction following the approval of a <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/" rel="noopener noreferrer nofollow">Bitcoin ETF</a> issuer.</p>
<p>As we navigate further into the new year, all eyes will remain fixed on Bitcoin’s response to the evolving regulatory landscape. Will the current positive trend persist, or will it pivot into a correction phase? The crypto community eagerly anticipates the answer.</p>
<h4 class="wp-block-heading" id="h-read-also">Read also:</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/sec-signals-potential-bitcoin-etf-approval-by-jan-10/" rel="noopener noreferrer nofollow">SEC Signals Potential Bitcoin ETF Approval by Jan. 10</a></li>
 <li><a href="https://cryptonewsland.com/blackrock-urges-urgent-approval-of-bitcoin/" rel="noopener noreferrer nofollow">BlackRock Urges Urgent Approval of Bitcoin Spot ETF from SEC</a></li>
 <li><a href="https://cryptonewsland.com/imminent-bitcoin-etfs-approval-may-attract-trillions-from-institutional-players/" rel="noopener noreferrer nofollow">Imminent Bitcoin ETFs Approval May Attract Trillions from Institutional Players</a></li>
 <li><a href="https://cryptonewsland.com/secs-24-meetings-with-bitcoin-etf-applicants-a-sign-of-approval/" rel="noopener noreferrer nofollow">SEC’s 24 Meetings with Bitcoin ETF Applicants: A Sign of Approval?</a></li>
 <li><a href="https://cryptonewsland.com/spot-etf-approval-could-unlock-300-billion-for-bitcoin-says-morgan-creek-capital-ceo/" rel="noopener noreferrer nofollow">Spot ETF Approval Could Unlock $300 Billion for Bitcoin, Says Morgan Creek Capital CEO</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/how-can-bitcoin-sustain-momentum-and-reach-50000-in-q1-2024/" rel="noopener noreferrer nofollow">How Can Bitcoin Sustain Momentum and Reach $50,000 in Q1 2024?</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

How Can Bitcoin Sustain Momentum and Reach $50,000 in Q1 2024?

Crypto News Land

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