💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

What's Going On With Bitcoin: New 52-Week High

Published 24/11/2023, 17:17
© Reuters.  What's Going On With Bitcoin: New 52-Week High
MAR
-
BTC/USD
-
CLSK
-
COIN
-

Benzinga - Bitcoin (CRYPTO: BTC) marked a new 52-week high of $38,392.79 Friday as multiple catalysts push crypto markets higher.

The Details:

Several recent developments in the cryptocurrency space have spurred the interest of investors and pushed crypto markets higher.

In the past week alone, Argentina elected libertarian and pro-cryptocurrency president Javier Milei, the DOJ announced a settlement with Binance which included a $1.8 billion fine and a forfeiture order for an additional $2.5 billion and the guilty plea and resignation of Binance CEO Changpeng Zhao.

Investors are also anticipating the possible approval of BlackRock's spot Bitcoin ETF which many see as more likely to be approved as "bad actors" are punished and removed from the cryptocurrency market.

Shares of crypto-related stocks moving higher with Bitcoin Friday, including CleanSpark Inc. (NASDAQ: CLSK), Coinbase Global Inc. (NASDAQ: COIN) and Marathon Digital Holdings Inc. (NASDAQ: MARA).

Related News: What's Going On With Coinbase Global Stock?

BTC Price Action: According to Benzinga Pro, Bitcoin is up by 0.7% trading at $37,672.70 at the time of publication.

Image: Mohamed Hassan from Pixabay

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read the original article on Benzinga

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.