Bitcoin hits $40,000 level for the first time since May 2022
Monday, 4 December 2023 Bitcoin surpasses $40,000 as interest-rate reductions and demand from exchange-traded funds drive the rebound. The token's 2023 jump reaches 142%. The TerraUSD stablecoin collapse and subsequent crypto sector rout occurred before Bitcoin last reached $40,000. The Federal Reserve's expected rate cuts and the potential approval of US spot Bitcoin ETFs by January support the optimism around Bitcoin. The upcoming Bitcoin halving in 2024, along with a maturing industry and widening investor base, contribute to the positive market mood.
In today's must-watch video, we delve into the potential game-changer in the financial world: the impending Bitcoin ETF approval and how it's poised to revolutionize the market. But..
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Top analysts are looking for 80k Bitcoin all time high over the next few months. With a Bitcoin Spot ETF coming in January, the FED announcing rate cuts, and the Bitcoin halving in April, everything is..