😱🚀🚀Weekend rally in Bitcoin: Eyes on $40 thousand
Bitcoin, the number one cryptocurrency by market capitalization, continues its rise at the end of the week. Today, the cryptocurrency, which has also exceeded the 39 thousand dollar level, is flashing from 40 thousand dollars.
The ascension took place in the evening. Bitcoin, which was hovering at levels close to 39 thousand dollars during the day, saw 39 thousand 705 dollars with the volume break. The price increase caused excitement in the cryptocurrency market. The rise in Bitcoin was followed by other cryptocurrencies.
Ether exceeded $2,150, while ORDI, IOTA and TIA performed Decently among the top 100 cryptocurrencies by market capitalization. December. These cryptocurrencies gained 40 percent, 36 percent and 23 percent, respectively. On the other hand, the total value of the cryptocurrency market has approached $ 1.5 trillion for the first time in a long time.
Spot ETF expectations support the price
Expectations about the Spot Bitcoin ETF are thought to be behind the rise in Bitcoin. If the SEC, the US SEC, approves, companies will be able to create Bitcoin funds on the exchange and open them for trading. Although it is not certain whether the institution will approve spot etfs, experts see a 90 percent probability of approval in January.
Bitcoin's good start to December
Bitcoin, which made a good start to December, reminded the past.
With this rise of the biggest crypto money, it reminded of the past eras. In December 2017 and 2020, Bitcoin experienced very sharp rises and broke the records of those periods.
September December August September 2017 Bitcoin started at 10 thousand dollars, then in September it was at 3 thousand dollars and in August it was only 2 thousand dollars. On December 18, Bitcoin had reached the 20 thousand dollar limit ($ 19,665). With the subsequent declines, a long bear season had begun that would last for 3 years.
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