Bitcoin’s current rebound continued apace over the weekend, with the worth of the main cryptocurrency passing $40,000 on Sunday afternoon per knowledge from CoinGecko.
It is the primary time that the worth of Bitcoin has been that top since April 2022, proper earlier than the broader cryptocurrency market plunged. Bitcoin’s close to 20-month peak represents a 15% climb over the previous 30 days, with the worth of the coin greater than doubling since this time final yr.
The rising value seems to replicate continued optimism and pleasure over the anticipated approval of a Bitcoin spot exchange-traded fund (ETF) in the US. Quite a few corporations have filed purposes to function them, and the U.S. Securities and Change Fee (SEC) has lately been assembly with a number of the corporations.
Bitcoin is not the one cryptocurrency to rise over the weekend. Ethereum is buying and selling above $2,200 at present for the primary time since Could 2022. Each cash are solely up about 2% over the previous 24 hours, however they have been progressively gaining of late.
Many in style NFT initiatives have additionally seen rising value factors this weekend, with the most affordable listed asset in in style initiatives like Pudgy Penguins, DeGods, and Azuki seeing double-digit share beneficial properties over the previous 24 hours, per NFT Value Ground.
Editor’s word: This story was up to date after publication with extra particulars.
