Bitcoin Surges Over 4% in 24 Hours, Breaking $31,000 Mark for the First Time Since July

The world's largest digital asset is on a roll, up over 10% in the past week, currently trading at $31,203. The global cryptocurrency market capitalization is at a staggering $1.22 trillion, up by 3.7% in the last 24 hours.

Analysts are buzzing with bullish signals:

GBTC discount narrowing, signaling optimism for a spot bitcoin ETF approval in Q1 2024.

Bitcoin is de-correlating from altcoins, becoming a digital gold and market hedge.

Bitcoin's dominance metric is on the rise, outperforming other cryptocurrencies.

All this while major stock indices are at 10-month lows and Treasury yields pass 5%. However, some caution that bitcoin's correlation with traditional markets may not be over just yet.

Stay tuned for more updates on this exciting crypto journey #bitcoin #BTC #crypto2023 #DigitalGold