Cryptocurrency market: Bitcoin price soars above $45,000 for first time since April 2022
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Cryptocurrency market: Bitcoin price rose 3% to break above $45,000 on Tuesday for the first time since April 2022 as the world's biggest and best-known cryptocurrency started 2024 with a bang. Bitcoin rose to touch a 21-month high of $45,386 earlier in the day and was last up 2% at $44,980. Ether, the coin linked to the ethereum blockchain network, was 1% higher at $2,376.Bitcoin rally shines spotlight on investor risksA much-anticipated US approval of wider bitcoin trading has helped the world's biggest cryptocurrency reach 20-month heights, risking however pain for new investors unaccustomed to its volatility. Bitcoin this week had reached above $44,000 for the first time since April last year, yet still remains far from a record-peak of almost $69,000 in 2021. The recent surg...