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FOMO

Bitcoin

<p>The meteoric rise of Bitcoin has captivated the interest of investors all over the world, creating a sense of urgency for those who fear missing out. But don’t worry! Avoid FOMO and FUD.</p> 
<p>Bitcoin has just surpassed the $41,000 barrier. Bitcoin (BTC) is currently trading at $41,643.53 with a 24-hour trading volume of $22,171,583,280.74, according to CoinGecko data. This is a 5.85% increase in the previous 24 hours and an 11.62% increase in the last 7 days.</p> 
<h2 class="wp-block-heading" id="bitcoin-market-recovery-all-you-need-to-make-it-in-the-bull-market">Bitcoin market recovery – All you need to make it in the bull market</h2> 
<p>Bitcoin simply reached for the stars. The rest of the market accelerated as well. The global crypto market valuation is now $1.61 trillion, a 3.75% increase over the last 24 hours and a 79.97% increase over a year ago.&nbsp;</p> 
<p>BTC has a market cap of $815 billion as of today, reflecting a 50.58% market dominance. Meanwhile, the market cap of stablecoins is $130 billion, accounting for 8.09% of the total crypto market cap.</p> 
<p>Following the crypto crash last year, FTX founder Sam Bankman-Fried was sentenced to prison for fraud, while top exchange<a href="https://www.binance.com/en/price/bitcoin" rel="nofollow noopener" target="_blank"> Binance</a> and its founder Changpeng Zhao recently pleaded guilty to US anti-money-laundering and sanctions violations and were fined $4.3 billion and $50 million, respectively.&nbsp;</p> 
<p><a href="https://www.cryptopolitan.com/bitcoin-trades-close-to-41k-its-a-bull-run/">B</a>TC has risen more than 140% this year, outperforming conventional investments such as stocks and gold, and expectations for additional gains are high.</p> 
<h2 class="wp-block-heading" id="so-why-is-the-btc-price-rising">So, why is the BTC price rising?</h2> 
<p>The very first crypto coin has recovered on anticipation that the Federal Reserve will lower interest rates and increase demand from exchange-traded funds. The last time <a href="https://www.cryptopolitan.com/bitcoin-breaks-free-to-41000-heres-why/">BTC </a>was at this level was in April of last year, just before the TerraUSD stablecoin meltdown.</p> 
<p>The industry is awaiting the results of applications from firms such as BlackRock Inc. to launch the first Bitcoin ETFs in the United States. Bloomberg Intelligence predicts that a wave of such funds will receive regulatory clearance by January.</p> 
<p>Another reason contributing to the price is the impending halving of Bitcoin next year.</p> 
<p>What exactly is a Bitcoin ETF? It functions similarly to any other ETF but invests directly in BTC. This will be a first for the United States, which now offers ETFs that invest in Bitcoin futures rather than the spot market for the cryptocurrency.</p> 
<p>This means that investors will have direct exposure to the token’s current market price.</p> 
<p>A strong tailwind is pushing forward the token. Optimists see the push to end problematic practices and the flood of ETF applications as signs that the market is growing and that there is room for a larger investor base for digital assets.</p> 
<p>Meanwhile, investors are increasingly convinced that the Fed is done raising interest rates, fueling a rise in global markets.</p> 
<p>However, a rate bet reset or unanticipated snarls for the planned ETFs might crash Bitcoin. Some chart patterns, such as the weekly relative-strength index, indicate “overbought” situations.</p> 
<h2 class="wp-block-heading" id="experts-weigh-in-on-the-btc-price-rally">Experts weigh in on the BTC price rally</h2> 
<p>The Federal Open Market Committee (FOMC) meets in the United States on December 13th. The country will reconsider its anti-inflationary policies and decide whether to raise inflation rates. The majority of analysts expect that rates will remain steady, which may explain why risk-on markets such as cryptocurrency are enjoying an increase.</p> 
<p>Michael Novogratz, the founder and CEO of Galaxy Digital Holdings Ltd., expects that BTC will reach its previous high in a year. Bitcoin reached a high of around $69,000 in November 2021 before falling 64% the following year.</p> 
<p>Novogratz believes that if the BTC ETF begins trading, billions of dollars will flood into the ETF industry within the first year, if not sooner.</p> 
<p>The trading advice and pattern adheres to <a href="https://www.cryptopolitan.com/jim-cramer-comments-on-btc-worry-investors/">Jim Cramer’s </a>statement, “If you like Bitcoin, buy Bitcoin.”</p> 
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   <p lang="en" dir="ltr">🚨 CRAMER ALERT: “If you like <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Bitcoin</a>, buy <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Bitcoin</a>. That has always been my view, and for a while, I liked it, and then I decided that money had been made. I acted premature, but money has been made," says Jim Cramer <a href="https://t.co/ffXqDgBG1T" rel="nofollow" target="_blank">pic.twitter.com/ffXqDgBG1T</a></p>— Bitcoin News (@BitcoinNewsCom) <a href="https://twitter.com/BitcoinNewsCom/status/1727734252819603531?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">November 23, 2023</a>
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<p>A long-term comparison of BTC and Ethereum reveals that both cryptocurrencies have witnessed strong momentum since mid-October. Notably, Bitcoin’s price recovery stands out, demonstrating a more robust performance characterized by a constant pattern of rising highs and lows.</p>

Missed the Bitcoin boom? Not anymore! Here’s your complete handbook to buy at $41,000!

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