In a significant turn of events, just two days after the United States unveiled a $4.3 billion settlement plan with leading cryptocurrency exchange Bina Holdings, the price of Bitcoin (BTC) surged to a fresh yearly high, surpassing the $38,000 mark during the early New York trading session on Friday. The cryptocurrency market had been eagerly awaiting a breakout, with Bitcoin’s recent consolidation in a pennant pattern signaling the potential for a bullish move.

Bitcoin’s Impressive Rally

Friday’s breakout in Bitcoin’s price has ignited a sense of excitement among traders, leading to renewed FOMO (fear of missing out) sentiment. This surge has set the stage for Bitcoin to potentially target the next significant resistance level at around $42,000 in the coming weeks.#BTC #Onchain #cbdc