Bitcoin ETF

Bitcoin

Momentum

Terra

<div class="watcher-guru">
 <p>The price of Bitcoin erupted 5% higher Monday to a 19-month peak above $42,000. The surge comes as cryptocurrencies bask in the glow of improving macroeconomic trends and an increasing appetite for crypto exposure among stock investors. However, the price of BTC dropped to $41,600, with a 0.7% drop in value over the last hour.</p>
 <p>Ethereum likewise rose over 3% to breach $2,200 as bulls regained the momentum lead in digital asset markets after a grueling year dominated by Fed tightening and an industry crisis of confidence.</p>
 <p><strong>Also read: Will Bitcoin ETF Approval Be a Sell-The-News Event?</strong></p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <h2 class="wp-block-heading" id="h-bitcoin-has-surged-144-year-to-date">Bitcoin has surged 144% year-to-date</h2>
 <p>Nevertheless, with rates potentially set to fall in 2023, investors piled back into crypto to start the year. Bitcoin has already gained nearly 144% over the past 12 months, still grappling with last May’s Terra stablecoin wipeout.</p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p>Adding further rocket fuel is the growing prospect of SEC approval for a spot Bitcoin exchange-traded fund (ETF) that would unlock billions in inflows from equity holders. BlackRock and Ark Invest represent major financial players seeking such offerings.</p>
 <p>Analysts have argued that the approval of a Bitcoin ETF could pave the path for better adoption and more institutional investments.</p>
 <p>Following last year’s macro-fueled volatility, both institutional and retail players took shelter, awaiting clearer opportunities to dive in. Their renewed participation spotlights growing confidence in a durable reversal of crypto market fortunes after the devastating failure of Terra and FTX in 2022.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p></p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-hits-19-month-high-of-42-000-will-the-momentum-hold-tbt72531.html">https://thebittimes.com/bitcoin-hits-19-month-high-of-42-000-will-the-momentum-hold-tbt72531.html</a></p>

Bitcoin Hits 19-Month High of $42,000; Will the Momentum Hold?

目录

TheBitTimes

发布于 2023年12月4日的其他文章

AstraZeneca Partnering with Absci to Cancer Antibodies

Investment Giant Franklin Templeton’s CEO Invests in Bitcoin, Ethereum, and Altcoins!

Ripple's Metaco joins Zodia Custody's network for connectivity with Layers 0 and 1

3 Out of Every 4 Web3 Games Have Met Their Demise: CoinGecko Report

Bitcoin Returns to $41,000 Zone, Unseen Since April 2022

Chromia’s 2024 Mainnet Debut: A Revolutionary Leap in Blockchain Technology

订阅我们免费的电子期刊，获取每日最新加密领域动态！