BTC/USD: Bitcoin Kicks Off December Deals Above $38K Riding 6.5% November Gain
Top cryptocurrency is buoyed higher by growing enthusiasm over the first US spot Bitcoin ETF. Other tokens are getting a lift too.
Bitcoin
BTCUSD
emerged above the $38,000 price level to start December’s dealmaking. The OG digital currency is riding a 6.5% November gain, preceded by a solid 27% pump in October, aka Uptober. Earlier today, Bitcoin floated at a daily high of $38,211, up for a second straight session.
The price of the token has been reaching higher highs over the past two months, buoyed by excitement over the first spot Bitcoin exchange-traded fund awaiting the US regulators’ greenlight. Over a dozen spot BTC ETF applications are currently sitting with Gary Gensler, Chair of the Securities and Exchange Commission.
In other corners of cryptoland, Ether
ETHUSD
is on the cusp of breaking through a 19-month high with prices hovering just under the $3,000 watermark. Overall, total worth of the entire digital-asset market is gravitating toward the $1.5tn handle, up nearly double on the year.#BTC #BTC/Update:
