On Sunday, 3rd December 2023, Bitcoin’s value rose and crossed the $40,000 mark, even peaking at 40,846 dollars at around 8:45 p.m. Eastern Time. Over the last week, Bitcoin witnessed an 8.4% rise and a 3% increase in the past 24 hours, obtaining a peak that it hadn’t been able to see in the past twenty months.
Bitcoin Surges Above The $40K Zone:
BTC last reached a peak sometime in April 2022 when its value/unit increased beyond the $40K threshold.
On Sunday, the intraday trading witnessed how BTC’s price fluctuated from a low 39,309 dollars to a relatively high 40,846 dollars per coin. The rise in price has made the total market cap of the cryptocurrency around 795.87 billion dollars, accounting for a solid 50% of the whole 1.593 trillion dollar crypto economy.
Since the beginning of the year, Bitcoin has undergone a remarkable rise worth 140% against the U.S. dollar, and then in the last month alone, this leading crypto increased by over 49%. At present, BTC boasts an international trade volume of 17.93 billion dollars, with its basic trading pair currently between USDT or tether. After tether, the trading pairs at the top right now for BTC are as follows:
- FDUSD,
- USD,
- USDC, and
- KRW.
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