For the first time since April 2022, #Bitcoin reaches $44,000 as confidence in #ETFs rises.

With its flagship cryptocurrency hitting $44,000 for the first time since April 2022 on Tuesday, Bitcoin continues to gain strength.

According to Coin Metrics, the price of bitcoin increased by more than 4% to $43,794.99, extending gains from the day before as the chorus of support for a spot bitcoin exchange-traded fund in the United States became stronger. The coin's greatest price since April 7, 2022 was reached at one moment when it traded at $44,903.45.

With Tuesday's advances, bitcoin has increased in value by over 160% this year. Ether was trading at $2,263.76, up 1.6% for the day. For 2023, it is up 88%.

Over the past few weeks, there has been an increasing frequency of new highs for Bitcoin. Over the weekend, it exceeded $40,000 for the first time.