The post Jingle bells and BTC swells as Bitcoin enters Dec at $38K – What to expect this month appeared on BitcoinEthereumNews.com.

As we usher in the festive season with the familiar jingle of bells, there’s another sound making waves in the financial world – the resounding surge of Bitcoin as it enters December at an impressive $38,000. Much like a sleigh on a snowy slope, the cryptocurrency market is gearing up for an exhilarating ride into the last month of the year. Will the value continue to swell like a festive chorus, or will there be unexpected dips and rises, akin to a rollercoaster ride in a winter wonderland? Bitcoin enters the festive season grounded above $38K The crypto market has been in recovery mode for the last two months. This is largely driven by the return on investors’ faith in the market. Second, it is spurred by the possibility of Bitcoin and Ethereum ETFs being approved in the United States. Following a period of volatile trading in recent times, crypto prices opened the day in positive territory. Investors adopted a cautious approach in evaluating the present economic state and other pertinent factors.  Significantly, investors’ sentiment in the digital asset space was divided for the duration of the week, as regulatory obstacles and other factors cast doubt on the sector. According to CoinGecko, Bitcoin (BTC) is currently trading at $38,153.81, with a 24-hour trading volume of $12,113,428,991.09. This is a 0.57% increase in the  24 hours and a 2.10% increase in the last 7 days. In addition, the global crypto market valuation is now $1.51 trillion, a 1.13% increase over the last 24 hours and a 68.57% increase over a year ago. Bitcoin has a market cap of $746 billion as of today, signifying a 49.45% market dominance. Meanwhile, the market cap of stablecoins is $130 billion, accounting for 8.62% of the total crypto market cap. The recent surge in crypto…

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Filed under: News - @ December 1, 2023 8:12 am