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Bitcoin jumps above $45,000 for first time since April 2022; Solana rises 10%

The world's biggest and best-known cryptocurrency Bitcoin (BTC) surged above the $45,000 mark on Tuesday for the first time since April 2022, fuelled by market expectations for the approval of Bitcoin spot ETFs. Bitcoin touched a 21-month peak of $45,488, having gained nearly 155% last year in the strongest performance since 2020. BTC was last up 6.9% at $45,264 but remains far off the record high of $69,000 it touched in November 2021. Meanwhile, the second largest crypto, Ethereum rose 4.9% to $2,386. Investor focus has been squarely on whether the US securities regulator will soon approve a spot Bitcoin ETF, which would open up the Bitcoin market to millions of investors.

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