https://techcrunch.com/2024/01/04/talks-of-bitcoin-spot-etf-approval-india-blocks-exchange-sites-and-crypto-is-seeing-more-optimism/ > Welcome back to Chain Reaction. > Happy New Year! The crypto space has been off to a strong start for 2024 as reporters and ETF analysts have reported that a bitcoin spot ETF approval in the U.S. could be coming as soon. As a result, bitcoin’s price went over $45,000 on Tuesday, hitting its highest level since April 2022. It has since retracted slightly to $44,000 at the time of publication. The total cryptocurrency market capitalization is growing at $1.68 trillion, the highest level since May 2022.