{"id":111522,"title":"Bitcoin rose past $41,000 (£32,300) for the first time since May 2022","publisher":"Share Talk","author":"sharetalk","published":"2023-12-04T08:23:01+00:00","modified":"2023-12-04T08:28:07+00:00","canonical_url":"https://www.share-talk.com/bitcoin-rose-past-41000-32300-for-the-first-time-since-may-2022/","markdown_url":"https://www.share-talk.com/bitcoin-rose-past-41000-32300-for-the-first-time-since-may-2022.md","json_url":"https://www.share-talk.com/bitcoin-rose-past-41000-32300-for-the-first-time-since-may-2022.json","category":"Blogs","categories":["Blogs","Fintech"],"tags":["Binance","Bitcoin","BNB","BTC","cryptocurrency","DOGE","Dogecoin","Elon Musk","ETH","Ethereum","Litecoin","LTC","Ripple","SOL","Solana","SpaceX","Tesla Inc","TSLA","XRP"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/12/bull-4-dec-23.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"Bitcoin’s recent increase has propelled it to its highest level since April 2022, though it has not yet reached a record peak.\n\nFor the first time in 2023, Bitcoin has surpassed the $40,000 mark, buoyed by optimism surrounding potential U.S. interest rate cuts, a sentiment shared by assets like gold.\n\nAs of now, Bitcoin is valued at $41,455, showing a nearly 7% rise since Friday evening. This uptick indicates a recovery in the crypto market from the slump that began in the previous summer.\n\nhttps://twitter.com/Share_Talk/status/1731587384234459317\n\nAccording to Reuters, since mid-October, Bitcoin has seen a 50% surge, signalling a significant shift from the bearish trends of 2022 and early 2023. Justin d’Anethan, head of business development for Asia-Pacific at the digital assets market-making firm Keyrock, noted the rally. He pointed out the evidence of institutional investments in November, suggesting a renewed interest in the market. While future market reversals are possible, d’Anethan believes that the lows around $16,000 witnessed a year ago likely represented the market’s bottom.\n\nTraders are also anticipating the potential approval of U.S.-stock market-traded Bitcoin funds. Reuters highlighted that a spot Bitcoin ETF could offer hesitant investors a pathway to the crypto market through the stock market, potentially bringing a new influx of capital into the sector.\n\nThe current price of Bitcoin stands at $41,423.68, reflecting a 4.96% change in the last 24 hours as of 8:11 a.m. The market capitalization of Bitcoin is now $810,274,873,125.75. Since the beginning of the year, Bitcoin has experienced a change of 151.02%."}