Bitcoin Eyes $40K After Breaching $38K for First Time Since May 2022
Bitcoin [BTC] has risen above $38,000 for the first time since May 2022 after battling this level for the past two weeks.
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Bitcoin [BTC] has risen above $38,000 for the first time since May 2022 after battling this level for the past two weeks.
Some observers believe Binance’s downfall has boosted the spot-ETF approval odds.
AVAX is up 8% in the last 24 hours, while bitcoin is trading below $36,500.
Bitcoin payments firm Strike has expanded its services on a global scale, now allowing users in 36 countries (soon to be 65+) beyond the U.S. to buy bitcoin through the app, founder Jack Mallers announced in a blog post Thursday.
The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.
Large movements in spot markets led to open interest surging to $35 billion over the weekend, indicating highly leveraged bets from traders hoping for even higher prices.
BTC prices have doubled this year amid a spot ETF push by prominent traditional finance firms.
Saylor’s business software company, MicroStrategy, held more than 158,000 bitcoins as of Friday.
The MicroStrategy executive chairman appeared on CNBC on day after the company reported its Q3 earnings.
The world’s largest crypto remains higher over the past 24 hours, but has slumped nearly 4% from its overnight high.