Jan. 2 (UPI) -- Bitcoin hit its highest price since April 2022 on Tuesday, buoying investors' hopes for the world's largest cryptocurrency in 2024.
Bitcoin had hit a high of $45,913.30 by Tuesday afternoon, according to Coin Metrics, adding more than 7% in 24 hours to open the new year. Investor confidence was building that the U.S. Securities and Exchange Commission will soon approve a bitcoin exchange-traded fund.