The crypto rollercoaster is on the rise again as the world’s numero uno digital currency skyrockets to a staggering $42,000 per coin, flirting with the elusive $42,400 milestone. Bitcoin is now boasting a price tag more than twice its value at the beginning of this rollercoaster year. This marks its highest peak since the good ol’ days of late April 2022, nearly 20 moons ago.
Besides, Ethereum is catching the wave, trading at a sizzling $2,210 with a gain of over 2%. It’s not just a Bitcoin party; the top 10 cryptocurrencies are donning their party hats and reveling in the bullish festivities.
Bitcoin had a momentary stumble below $40,000 back in April 2022, but it’s back on its feet and sprinting. The market is buzzing with optimism fueled by some friendly nods from U.S. regulatory bigwigs about the crypto landscape. There’s even a hopeful whisper about the birth of a Bitcoin ETF.
Investors are placing bets that the Federal Reserve (Fed) has wrapped up its interest rate drama and is prepping for the big cut early next year. This excitement isn’t confined to the crypto realm; even traditionally reserved assets like gold are shimmying their way up the charts.
Seem like the crypto season is getting started!