Bitcoin price breaks past $39,000, bolstered by ETF hype
Quick Take The price of Bitcoin has broken $39,000 for the first time since April 2022. Excitement around potential spot Bitcoin ETFs has led Bitcoin to rally in recent months.
The price of Bitcoin BTC + has risen past $39,000 for the first time since April 2022, highlighting continued industry-wide anticipation of potential upcoming exchange-traded products.
Bitcoin's price has risen about 1.5% in the last 24 hours to its current value of approximately $39,300, according to The Block's Price Page . The volatile cryptocurrency's price momentarily peaked above $39,500 before mildly retreating.
Anticipation for Bitcoin spot ETFs has driven the largest crypto fund inflows in two years, according to CoinShares.
In addition to ETF excitement, a MatrixPort analyst recently called Bitcoin's rise above $40,000 " inevitable " following Binance's record settlement. The recent election of Argentinian President Javier Milei also led Bitcoin's price to approach record highs for Bitcoin in that country.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MicroStrategy acquires another 55,500 bitcoin for $5.4 billion, taking holdings to 386,700 BTC
MicroStrategy has purchased another 55,500 BTC for approximately $5.4 billion at an average price of $97,862 per bitcoin.The latest acquisitions follow MicroStrategy’s completion of a $3 billion debt offering and sale of 5,597,849 shares for $2.46 billion.
MicroStrategy expands Bitcoin holdings with $5.4B purchase
Solana DEX volume hits record high: Is SOL price headed to $300?
Trending news
MoreCrypto prices
More
