Bitcoin Just Hit $44K: What’s Going On?
Published by
Benzinga
Benzinga
Bitcoin (CRYPTO: BTC) just hit its highest level in 20 months. Here’s a look at what’s going on. What To Know: Bitcoin crossed the $40,000 level over the weekend and has continued to trend higher to start the week. It briefly crossed above $44,000 Tuesday afternoon, marking its highest level since April 2022. Bitcoin is now up more than 4% over a 24-hour period and nearly 15% over the last week. The momentum in Bitcoin and other major cryptocurrencies has largely been driven by increased institutional interest on the back of continued optimism surrounding a potential spot ETF. Several major U….