---
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"
date: 2023-12-04
canonical: "https://www.share-talk.com/bitcoin-rose-past-41000-32300-for-the-first-time-since-may-2022/"
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"]
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"
---

# Bitcoin rose past $41,000 (£32,300) for the first time since May 2022

**Published:** December 4, 2023
**Author:** sharetalk
**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)

---

Bitcoin’s recent increase has propelled it to its highest level since April 2022, though it has not yet reached a record peak.

For 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.

As 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.

https://twitter.com/Share_Talk/status/1731587384234459317

According 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.

Traders 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.

The 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%.

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