Bitcoin Price Surges to $40,130 in Bullish Trend
Admin
Dec 04, 2023
The price of Bitcoin (BTC), the most popular cryptocurrency, reached $40,130 for the first time in 19 months. After trading below $40,000 for over a year, Bitcoin entered a bullish cycle in October 2023 and has experienced a significant increase in value. In the past month alone, the price of Bitcoin has risen by 14% and has increased by 140% since the beginning of 2023. Other cryptocurrencies like Ethereum and XRP have also seen price gains. The positive sentiment surrounding the potential approval of a Bitcoin spot exchange-traded fund (ETF) and the upcoming halving event in April 2024 are believed to be driving factors behind Bitcoin's price surge.
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