Bitcoin's recent rebound continued apace over the weekend, with the price of the leading cryptocurrency passing $40,000 on Sunday afternoon per data from CoinGecko. It's the first time that the price of Bitcoin has been that high since April 2022, right before the broader cryptocurrency market plunged. The rising price appears to reflect continued optimism and excitement over the anticipated approval of a Bitcoin spot exchange-traded fund (ETF) in the United States. Bitcoin isn't the only cryptocurrency to rise over the weekend. Both coins are only up about 2% over the past 24 hours, but they've been gradually gaining of late.

Source: The Nation December 04, 2023 04:29 UTC