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Home»ADOPTION NEWS»Bitcoin price surpassed $39,000 on the back of ETF hype.
ADOPTION NEWS

Bitcoin price surpassed $39,000 on the back of ETF hype.

By Crypto FlexsDecember 2, 20232 Mins Read
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Bitcoin price surpassed ,000 on the back of ETF hype.
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Layer 1 • December 2, 2023 3:46 PM EST

Posted 1 minute ago In ~

price Bitcoin BTC

+
rose above $39,000 for the first time since April 2022, highlighting continued industry-wide anticipation for the upcoming exchange-traded product.

According to The Block’s price page, the price of Bitcoin has risen about 1.5% in the past 24 hours, now worth about $39,300. The price of the volatile cryptocurrency briefly peaked above $39,500 before falling slightly.

Excitement for a Bitcoin spot ETF has led to the largest inflow into the cryptocurrency in two years, according to CoinShares.

In addition to expectations for the ETF, the MatrixPort analyst said it was “inevitable” that Bitcoin would rise above $40,000 after Binance’s recent record-breaking settlement. The recent election of Argentine President Javier Milei has led to the Bitcoin price reaching an all-time high for Bitcoin in that country.


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

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