Bitcoin Crosses $39,000 as ETF Excitement Rises

Bitcoin Crosses $39,000 as ETF Excitement Rises

Bitcoin ETFBitcoin

By Miles

02 Dec 2023 (6 months ago)

1 min read

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Bitcoin hits a new high since April 2022, crossing $39,000 amid anticipation of ETF approvals and global market influences.

Bitcoin's price soared past $39,000, reaching its highest since April 2022. This surge reflects growing excitement for potential Bitcoin exchange-traded products.

Bitcoin's value increased by about 1.5%, briefly touching $39,500 with a highly volatile price action before settling around $39,300. 

The excitement around a Bitcoin ETF approval is the cause of the most significant crypto fund inflows in two years, as reported by CoinShares.

Other factors boosting Bitcoin's value include Binance's record settlement and the election of Argentinian President Javier Milei, which led to a sharp increase in Bitcoin's price in Argentina.

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