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
AVAX breaks through $39
Cardano (ADA) Is Experiencing an Unprecedented Rise! What is the Reason for the Rise, Will It Continue?
Cardano continues to attract attention with its rise.
Ethereum Futures Open Position Breaks Record, According to CryptoQuant Report! Here Are the Details
Ethereum futures open interest has reached an all-time high of over $20 billion.
Famous CEO Solana Says Rally is Just Beginning, Announces Huge Bullish Prediction for SOL Price!
XBTO CEO Philippe Bekhazi claimed that Solana could reach $700, driven by ETF expectations and a Trump-driven rally.
Trending news
MoreCrypto prices
More
