Crypto markets have marched higher during the weekend and into the Monday morning Asian trading session.
They have been dominated by Bitcoin, which has surged to its highest price in 19 months, reaching $41,750 on December 4, according to CoinGecko.
At the time of writing, the asset was trading close to $41,500 following a 5.2% gain on the day and 11% over the past week.
#Bitcoin $40k pic.twitter.com/EKRFSmHmhd
— PlanB (@100trillionUSD) December 3, 2023
Bitcoin in The Driving Seat
Analysts and investors have been lauding the move. BTC educator and pioneer Samson Mow made a big prediction should spot ETFs get approved:
“Most people couldn’t see $40k ever happening again when we dropped to $15k. Most people can’t see $1M Bitcoin happening post ETF approvals.”
The majority of analysts have given high odds of as much as 90% on the SEC approving several Bitcoin funds by January 10. This appears to be the primary driver of market momentum at the moment.
ETF Store President
We współpracy z: https://cryptopotato.com/crypto-analysts-react-to-bitcoins-19-month-peak-at-almost-42k/
