Bitcoin experienced a significant increase at the beginning of 2024, reaching over $45,000 for the first time since April 2022. This rise occurred against a backdrop of increasing geopolitical tensions in the Red Sea and a positive sentiment regarding the approval of a bitcoin exchange-traded fund. The leading cryptocurrency achieved a peak of $45,913.30 early on a Tuesday morning, as reported by Coin Metrics, marking its highest value since April 5, 2022, and the first instance of surpassing the $45,000 level since that date. It was last observed trading at $44,952.89, indicating a nearly 3% increase. The surge in Bitcoin’s value underscores its growing reputation as a buffer against uncertainty, a characteristic that investors recognized in the previous year. Over