Bitcoin Rises to $38.8K for the First Time Since May 2022 - CoinDesk

in #test7 months ago

( December 1, 2023; CoinDesk )

Description: "Overall crypto market capitalization is at its highest level since May 2022 with nearly $400 billion added since the start of October."

According to CoinDesk's Shaurya Malwa, Bitcoin went above 38,800 yesterday for the first time since May of 2022. This gain in prices may be fueled by a corresponding advance in financial markets and also by optimism over the potential approval of Bitcoin ETFs by the US Securities and Exchange Commission.

Bitcoin rose to $38,800 for the first time since May 2022 during European morning hours on Friday, continuing its strong multi-month uptrend buoyed by expectations of institutional demand.

The asset added nearly 3% in the past 24 hours, mirroring an uptick in global stock markets. Futures of U.S. indices S&P500 and Dow Jones jumped 0.17% higher in premarket trading, while European index Stoxx 600 added 0.52% since Friday’s open

Read the rest from CoinDesk: Bitcoin Rises to $38.8K for the First Time Since May 2022


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