The Strong Uptrend in Bitcoin Continues: The Peak of the Last 18 Months!

Bitcoin (BTC) rose to $ 38,800 with the increase it experienced during the day.

Bitcoin today reached its highest level since May 2022. for $38,800 reached. Institutional demand is at extremely high levels Strong rise in Bitcoin The trend continued in this way.

Price increases in the cryptocurrency market include spot Bitcoin expected to be launched in the USA ETFs It reflects the expectations regarding The rush and excitement in these expectations Owned by ProShares In Bitcoin Strategy ETF (BITO) This is evident from the huge value increase.

In the report shared by ProShares, assets under management (AUM) to $1.47 billion He stated that he had reached

On the other hand, artificial intelligence tokens, layer-1 blockchain projects and altcoins of the gaming ecosystem also triggered the rise in the market. Solana (LEFT) And Avalanche (AVAX) in the past month 2xHe did more than .

Some market commentators and analysts, of Bitcoin He thinks that there may be a small increase in December.

FxPro analyst Alex Kuptsikevich stated that December was generally neutral, while the average green months were a 30% return What red moons provide a 12.8% to the decline that led to he stated.

According to data from CoinGlass, Bitcoin 2013 In total since December 4 times positive 6 times negative It showed an unstable performance by offering returns. Bitcoin, at the time of writing from $38,330 is being traded.

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