The post Bitcoin Price Reaches $40,000 Level Again After a Prolonged Period! appeared on BitcoinEthereumNews.com.

– Advertisement – According to current data, after approximately a 9% price increase since November 27, a single Bitcoin has reached a value above $40,000 for the first time since April 2022. The Bitcoin price surged to its highest levels since April 2022, just before the broader cryptocurrency market downturn. The recent rise in Bitcoin is supported by the expectation of widely anticipated spot Bitcoin ETFs, expected to be approved in the coming months. Bitcoin price managed to reach the highest levels seen since April 2022 before the weekly close: 1 Bitcoin is 40K dollars! Bitcoin Price Reaches $40,000 According to current data, after approximately a 9% price increase since November 27, a single Bitcoin has reached a value above $40,000 for the first time since April 2022. The rest of the cryptocurrency market has also recovered in recent days, with the total market capitalization of cryptocurrencies increasing by 1% in the last day. [COINOTAG NEWS] Bitcoin price has reached the $40,000 level for the first time since May 2022! 💸 This news published on COINOTAG PRO 10 seconds ago. pic.twitter.com/ARq0DQIiCm — COINOTAG NEWS (@coinotagen) December 3, 2023 The Bitcoin price surge, just before the broader cryptocurrency market downturn, marks the first time it has been this high since April 2022. Bitcoin being near its peak for the past 20 months represents a 15% increase in the last 30 days, more than doubling its price since this time last year. The recent surge in Bitcoin is supported by the expectation of widely anticipated spot Bitcoin ETFs being approved in the coming months. These ETFs are funds that trade in real-time at the current Bitcoin price, and according to analysts, the recent request for public opinion by the U.S. Securities and Exchange Commission (SEC) may indicate an accelerated timeline for SEC…

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Filed under: News - @ December 3, 2023 10:58 pm