On November 24, 2023, the Bitcoin rate surpassed $38,000, setting a new annual high. At the time of writing, the asset is trading at $38,360, according to TradingView.
At the same time, Ethereum rose above the key psychological level of $2,000 and was currently trading more than 2.5% higher, at $2,122.98 per coin. Ethereum, being the second-largest token by market capitalization, is outpacing the overall cryptocurrency market this week. Its growth will be more than 9%. Solana, which has posted impressive gains for the year—more than 476% compared to Bitcoin’s 130%—has lagged major tokens this week. At the end of the week, the dynamics of changes in its value will be insignificant.
Bitcoin began its rapid growth in October amid news of the imminent opening of spot cryptocurrency de ETFs, an investment instrument that is tied to the price of Bitcoin. In less than a month, the rate of the main cryptocurrency increased by almost $10 thousand.
