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Bitcoin Breaks Above $45K, Traders Predict a Possible $50K Push

Bitcoin (BTC), the world's largest cryptocurrency by market value, has pushed above the $45,000 mark for the first time since the day after the spot ETFs began trading on Jan. 11. At press time, BTC was higher by 4.9% over the past 24 hours to $45,034, modestly outperforming a 4.4% rise for the broader CoinDesk 20 Index.

"Breaking $45,000 allows early investors who piled on the bitcoin ETF to be almost in the money, if we continue this ascent we may even see some profit taken and could trigger a reversal where the $42,000/$40,000 level may be tested," said Laurent Ksiss, crypto ETP specialist at CEC Capital.