SET makes an encouraging start on first trading day of new year
(Photo: Reuters)
Bitcoin rose to US$45,000 on Tuesday, the highest level since April 2022, as investors continue to speculate on whether US regulators will approve Bitcoin exchange-traded funds (ETFs) later this month.
Locally, the Stock Exchange of Thailand (SET) index made a good start to the year, increasing 1.2%.
According to CoinDesk, Bitcoin soared more than 6% on the first day of the new year, as the leading cryptocurrency blew past $45,000 on anticipation that the US Securities and Exchange Commission (SEC) will approve the launch of several spot Bitcoin ETFs.
Reuters reports over the weekend suggested the regulator could begin notifying ETF sponsors as soon as Tuesday that their applications were approved.
In recent trading, Bitcoin was at $45,135, up 6.35% over the last 24 hours. Broader crypto markets also moved higher, with Ethereum rising 4%.
According to Bitkub Online, Bitcoin was quoted at 1,547,008 baht, up 4.6% over the previous trading day.
Krungsri Securities advised investors to await approval from the US SEC, which would be a milestone.
Following an increase of 152% in 2023, analysts in a CNBC poll predict Bitcoin will continue to rise this year, possib
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