Rally

Cardano

Bitcoin

Polygon

Shiba Inu

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<ul>
 <li>Bitcoin and other cryptocurrencies rose on Monday, with the largest digital asset reaching its highest level in 20 months.</li>
 <li>The main factor behind Bitcoin’s gains is the hope that regulators will approve the first spot Bitcoin exchange-traded fund (ETF) in the near future.</li>
 <li>The second-largest crypto, Ethereum, rose by 4.5% to $2,260. Smaller tokens or altcoins also saw gains, with Cardano rising by 4% and Polygon by 2%.</li>
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<p><strong>Bitcoin’s price rose over 5% on Monday, reaching over $41,700: The crypto rally accelerated with ETF expectations!</strong></p>
<h2 id="strong-bitcoin-price-reaches-the-highest-level-in-20-months-strong"><strong>Bitcoin Price Reaches the Highest Level in 20 Months</strong></h2>
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-126529" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-32.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="Bitcoin-BTC" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-32.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-32.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-32.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-32.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-32.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-32.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Bitcoin-BTC-32.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p>
<p>Bitcoin and other cryptocurrencies rose on Monday, with the largest digital asset reaching its highest level in 20 months. Bitcoin’s price increased by over 6% in the last 24 hours, reaching $41,700, surpassing significant levels such as $39,000, $40,000, and $41,000 with weekend surges, reaching its highest level since April 2022.</p>
<p>Bitcoin has gained over 50% since mid-October, breaking out of a long period of stagnation. The prices haven’t been this high since a wild bear market was triggered just before the collapse of the Terra stablecoin network.</p>
<p>Bitcoin has even outperformed the highly popular Dow Jones Industrial Average and S&amp;P 500, which have been on an uptrend driven by crypto sources and macroeconomic catalysts since late October.</p>
<p>The main factor behind Bitcoin’s gains is the hope that regulators will approve the first spot Bitcoin exchange-traded fund (ETF) in the near future. Experts predict that this situation will initiate a new wave of investor interest in digital assets.</p>
<h2 id="strong-expectations-of-interest-rate-changes-from-the-fed-strong"><strong>Expectations of Interest Rate Changes from the Fed</strong></h2>
<p>Increasing expectations that the Federal Reserve will cut interest rates several times next year, a macro background that has also boosted stocks, have further improved the situation. Low-interest rates tend to support risky bets like Bitcoin and technology stocks.</p>
<p>The second-largest crypto, Ethereum, rose by 4.5% to $2,260. Smaller tokens or altcoins also saw gains, with Cardano rising by 4% and Polygon by 2. Meme coins were even livelier: Dogecoin rose by 5%, while Shiba Inu increased by 11%.</p>
<p>The post <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com/bitcoin-price-at-the-highest-level-in-20-months-is-the-crypto-rally-back/">Bitcoin Price at the Highest Level in 20 Months: Is the Crypto Rally Back?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>
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Bitcoin Price at the Highest Level in 20 Months: Is the Crypto Rally Back?

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