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Bitcoin Surges Past $40,000, Ethereum Climbs Above $2,200

1 min read
Source: CoinDesk
Bitcoin Surges Past $40,000, Ethereum Climbs Above $2,200
Photo: CoinDesk
TL;DR

Bitcoin surpassed $40,000 for the first time since May 2022, while Ethereum rose above $2,200, as the broader crypto market experienced a subdued rally. The recent surge in Bitcoin's price can be attributed to optimistic comments from U.S. central bankers and hopes for the approval of a spot bitcoin exchange-traded fund (ETF). Traders are betting on Bitcoin reaching $45,000 by March 2024. The upcoming release of U.S. economic data, including non-farm payrolls, may impact the trajectory of Bitcoin's ascent.

Topics:businesscryptocurrency#bitcoin#crypto-market#cryptocurrency#ethereum#price-rally#spot-bitcoin-etf
Share this article
  1. Bitcoin Price (BTC) Breaks $40,000, Ethereum Rises Past $2,200  CoinDesk
  2. BTC price nears $40K as as Bitcoin trader eyes return to all-time high  Cointelegraph
  3. Bitcoin Hits $40000 Level for the First Time Since May 2022  Bloomberg
  4. Bitcoin breaks $40000 as momentum builds  Reuters.com
  5. Bitcoin Hits $40,000 for First Time Since April 2022  Decrypt

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