Rally fuelled by hopes US regulators will soon approve stock market cryptocurrency funds.
Gold prices also surged amid global economic worries and predictions that interest rates might start to fall next year.
Investors in Bitcoin have had a good past 24 hours. Its price has risen almost 6%, sending the digital coin to above $41000 for the first time in 18 months.
The price of bitcoin climbed above $41000, putting it on course for its highest end-of-day level since April 2022โbefore a stablecoin crashed and [blew up a ...
Bitcoin is surging on expectations that the US regulators will soon approve a long-awaited bitcoin spot ETF. Jakub Porzycki/NurPhoto/Getty Images.
Bitcoin price surged to a new 2023 high of $42365 on Monday, the first time it has breached the $42000 level since April 2022, before the collapse of ...
Bitcoin's price rose above $41000 on Monday, reaching levels not seen since before the collapse of the crypto stablecoin TerraUSD in May 2022.
Bloomberg suggests that the rise of Bitcoin price to over $42000 is just the beginning of a new crypto super cycle.