Bitcoin is growing amid expectations for the approval of a Bitcoin exchange fund and a reduction in the discount rate in the United States.
The price of the world’s most popular cryptocurrency, Bitcoin, has exceeded $40 thousand. This is the highest number in 19 months, CNBC reported on Monday, December 4.
The cryptocurrency rose more than 4% on Asian exchanges to trade at $41,520, according to Coin Metrics data.
This is the first time since May 2022 that Bitcoin has reached $40,000. The current value of Bitcoin has increased by more than 145% since the beginning of the year.
Now that $40,000 has been reached for the first time in nearly 19 months, $48,000 and $52,000 appear to be the next significant milestones, said Antoni Trenchev, co-founder of digital asset company Nexo.
It is noted that Bitcoin is growing amid expectations of the approval of the Bitcoin exchange fund and a reduction in the discount rate in the United States.
Earlier it became known that Elon Musk’s Tesla sold 75% of its bitcoins for $936 million. The founder of the company explained why he took such a step.
The media has learned details about the people involved in the most notorious Bitcoin theft
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.