According to price charts, Bitcoin has reached $42,000, a dollar value investors haven’t seen since April 2022.
As of this writing, the price of Bitcoin (BTC) is up 5.9% in the last 24 hours and has surged more than 140% in the past year.
It is reported that this Bitcoin price increase is due to the approval of the Bitcoin Exchange Traded Fund (ETF), and the U.S. Securities and Exchange Commission (SEC) is expected to make a decision by January 10.
Despite the SEC’s rejection of spot Bitcoin ETF applications in the past, many in the cryptocurrency community are now hoping for a different outcome.
After the initial surge, the price of the coin stabilized around $41,500.00.
A previous report from December 4 reported that Bitcoin had entered the top 10 assets by market capitalization with its price rising.
The Infinite Market Cap portal previously revealed that Bitcoin’s market capitalization has reached $809.6 billion, 3% less than Meta, which currently has a market capitalization of $834.76 billion, which could be a turning point from the previous cryptocurrency winter. no see.