Bitcoin Surges 7% Amid ETF Buzz and $133 Million Shorts Liquidation

Bitcoin continues its bullish trend, gaining 7% in the past day, with ORDI, the leading BRC-20 token, following suit.

BTC is now priced at $45,707, marking a significant 7% surge in 24 hours, reaching levels not seen since March 2022.

BTC's remarkable journey from trading below $17,000 last year has resulted in the liquidation of over $133 million in short positions in the last 24 hours.

Investors are optimistic due to the potential approval of a spot Bitcoin ETF, with anticipation for SEC approval by January 10.

The call for a Bitcoin ETF, ongoing for a decade, gained traction last year as Wall Street firms, including BlackRock, sought approval for their crypto funds.

The hypothetical Bitcoin ETF promises a secure and regulated exposure to the cryptocurrency, raising enthusiasm among investors.

BTC's rise positively impacts other tokens, with Solana (SOL) showing a 7% surge in 24 hours, becoming the second-best performer after BTC among the top 20 coins and tokens.

Ethereum (ETH) also experienced a 3% rise, now trading at $2,363, while ORDI, the largest BRC-20 token, is close to entering the top 50 cryptocurrencies, with an 8% surge in the last 24 hours, trading at $81.78.

Notable altcoins like Sei (SEI) and Astar Network (ASTR) show impressive performances, with 18% increases, priced at $0.75 and $0.15, respectively.