In the world of digital currencies, Bitcoin is once again gaining in value, surpassing the $38,000 barrier, a level not reached since May 2022. This significant price increase of Bitcoin, the largest cryptocurrency in terms of market value, occurred during a calm trading period in traditional markets, just after Thanksgiving in the United States. Investors are closely monitoring the situation, especially in the context of the expected approval by the Securities and Exchange Commission (SEC) of a Bitcoin-based ETF fund. The revival in the cryptocurrency market is a phenomenon that is beginning to attract the attention of both individual and institutional investors.
Bitcoin, a flagship of the cryptocurrency world, has broken the $38,000 barrier for the first time since May 2022. This increase in value occurred during a period of relative calm in traditional financial markets, a day after the American holiday of Thanksgiving. After briefly reaching the $38,000 level on Friday morning, Bitcoin stabilized at around $37,800, only to exceed the $38,000 threshold again after a few hours and continue its upward trend.
This spike in Bitcoin’s value seems to be linked to growing investor expectations for the possible approval by the SEC of a Bitcoin-based ETF fund. This has also positively affected other cryptocurrency-related assets such as Coinbase (COIN), Stronghold Digital Mining (SDIG), and Marathon Digital Holdings (MARA) shares, which also recorded significant gains.
The impending approval of the ETF fund may introduce a new level of volatility to the market. The Bitcoin ETF, due to its ease of trading and cost efficiency, is likely to attract more turnover from institutional investors who were previously unable to execute transactions on unregulated cryptocurrency exchanges. W wyniku tych zmian Bitcoin może wzrosnąć do poziomu 40 000 dolarów już w najbliższy weekend.
Ether (ETH), the second-largest cryptocurrency in terms of market value, also saw an over 3% increase in value on Friday. This shows that Bitcoin’s movements often affect the entire cryptocurrency market, serving as a barometer for other digital currencies.
Current events in the Bitcoin and cryptocurrency market indicate growing interest among both individual and institutional investors. Cryptocurrencies, once considered a niche segment of the financial market, are increasingly gaining importance and becoming a significant part of the global financial ecosystem.
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