Over the past 24 hours, the capitalization of Bitcoin (BTC) has grown by more than 11%, to $816.2 billion, which is more than that of Elon Musk’s Tesla and Warren Buffett’s Berkshire Hathaway fund, according to the Companiesmarketcap service.
On the morning of December 4, the Bitcoin rate surpassed $41 thousand and immediately reached $41,700, updating the previously set annual maximum.
The price of Bitcoin has been trying to break through the $40,000 mark for several days, but on Sunday it finally broke through and, as of the time of publication of this material, was trading around $41,700. This corresponds to an increase of approximately 5.7% per day. Ethereum was trading above $2,260, up 4.7% in the last 24 hours. Most other cryptocurrencies in the top 10 by market capitalization saw smaller gains, with only the BNB token associated with the Binance exchange falling by about 0.35% over the past 24 hours.
The price of the world’s largest and oldest cryptocurrency fell below $40,000 in April 2022. However, Bitcoin has been surging this year, especially in the last few months, thanks largely to what appear to be dovish comments from US central bank officials and hopes that a spot Bitcoin exchange-traded fund (ETF) could be approved for launch in the country.
