Today’s headlines are ablaze with excitement as Bitcoin breaks through barriers and reaches an all-time high of $41,000. The crypto market, known for its volatility, has piqued the interest of investors, enthusiasts, and analysts alike.
According to market data, the current price of Bitcoin (BTC) is $41,337.92, with a 24-hour trading volume of $22,420,450,493.74. This is a 4.82% increase in the last 24 hours and a 10.60% increase in the last 7 days. At the time of writing, BTC is currently trading at $41,325.69 per (BTC / USD) on Binance.
The global crypto market cap is now $1.6 trillion, a 3.39% increase over the last 24 hours and a 79.13% increase over a year ago. Bitcoin has a market valuation of $807 billion as of today, reflecting a 50.33% market dominance. Meanwhile, the market cap of stablecoins is $131 billion, accounting for 8.14% of the total crypto market cap.
Bitcoin soars to $41,000, recapturing lost glory
With a strong recovery, Bitcoin has surpassed the $41,000 mark, a milestone not seen since late April 2022. The most recent increase brought it to a 19-month high on December 4.
Santiment, a crypto analytics firm, reported an ecstatic mood when Bitcoin surpassed the $40,000 barrier. The rise was linked to a mix of fear and excitement surrounding upcoming Exchange-Traded Fund (ETF) confirmation dates, according to the firm.
Bitcoin’s comeback coincides with increased speculation about the introduction of a spot Bitcoin exchange-traded fund (ETF) in the United States. In a Nov. 28 email, Standard Chartered anticipates that Bitcoin will reach a six-figure value before the end of 2023 because of the “earlier-than-expected introduction” of spot ETFs in the United States.
