• bitcoinBitcoin (BTC) $ 63,200.00
  • ethereumEthereum (ETH) $ 2,464.13
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 577.16
  • solanaSolana (SOL) $ 146.68
  • usd-coinUSDC (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.541785
  • staked-etherLido Staked Ether (STETH) $ 2,463.46
  • dogecoinDogecoin (DOGE) $ 0.111508
  • tronTRON (TRX) $ 0.163399
  • the-open-networkToncoin (TON) $ 5.29
  • cardanoCardano (ADA) $ 0.355531
  • avalanche-2Avalanche (AVAX) $ 29.17
  • shiba-inuShiba Inu (SHIB) $ 0.000018
  • wrapped-stethWrapped stETH (WSTETH) $ 2,909.02
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 63,077.00
  • wethWETH (WETH) $ 2,462.74
  • chainlinkChainlink (LINK) $ 11.13
  • bitcoin-cashBitcoin Cash (BCH) $ 330.74
  • suiSui (SUI) $ 2.25
  • polkadotPolkadot (DOT) $ 4.25
  • uniswapUniswap (UNI) $ 7.95
  • nearNEAR Protocol (NEAR) $ 4.88
  • daiDai (DAI) $ 1.00
  • leo-tokenLEO Token (LEO) $ 6.03
  • litecoinLitecoin (LTC) $ 66.64
  • bittensorBittensor (TAO) $ 670.98
  • aptosAptos (APT) $ 9.01
  • pepePepe (PEPE) $ 0.000010
  • wrapped-eethWrapped eETH (WEETH) $ 2,585.61
  • internet-computerInternet Computer (ICP) $ 8.20
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.45
  • kaspaKaspa (KAS) $ 0.138392
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999507
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.374268
  • moneroMonero (XMR) $ 153.20
  • ethereum-classicEthereum Classic (ETC) $ 18.90
  • stellarStellar (XLM) $ 0.092354
  • dogwifcoindogwifhat (WIF) $ 2.75
  • blockstackStacks (STX) $ 1.77
  • okbOKB (OKB) $ 42.44
  • immutable-xImmutable (IMX) $ 1.55
  • ethena-usdeEthena USDe (USDE) $ 0.999487
  • aaveAave (AAVE) $ 146.75
  • whitebitWhiteBIT Coin (WBT) $ 15.12
  • render-tokenRender (RENDER) $ 5.55
  • optimismOptimism (OP) $ 1.73
  • filecoinFilecoin (FIL) $ 3.64
  • crypto-com-chainCronos (CRO) $ 0.077227
  • injective-protocolInjective (INJ) $ 20.81
  • mantleMantle (MNT) $ 0.607689
  • fantomFantom (FTM) $ 0.702505
  • hedera-hashgraphHedera (HBAR) $ 0.051735
  • arbitrumArbitrum (ARB) $ 0.538423
  • vechainVeChain (VET) $ 0.022879
  • thorchainTHORChain (RUNE) $ 5.08
  • cosmosCosmos Hub (ATOM) $ 4.38
  • sei-networkSei (SEI) $ 0.479137
  • the-graphThe Graph (GRT) $ 0.166534
  • bonkBonk (BONK) $ 0.000022
  • bitget-tokenBitget Token (BGB) $ 1.08
  • popcatPopcat (POPCAT) $ 1.54
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,457.89
  • flokiFLOKI (FLOKI) $ 0.000141
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,756.39
  • mantra-daoMANTRA (OM) $ 1.55
  • theta-tokenTheta Network (THETA) $ 1.31
  • arweaveArweave (AR) $ 19.48
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,570.89
  • makerMaker (MKR) $ 1,377.16
  • celestiaCelestia (TIA) $ 5.56
  • pyth-networkPyth Network (PYTH) $ 0.325066
  • gatechain-tokenGate (GT) $ 9.12
  • heliumHelium (HNT) $ 6.69
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 62,998.00
  • jupiter-exchange-solanaJupiter (JUP) $ 0.804798
  • worldcoin-wldWorldcoin (WLD) $ 2.04
  • ondo-financeOndo (ONDO) $ 0.722506
  • algorandAlgorand (ALGO) $ 0.123610
  • matic-networkPolygon (MATIC) $ 0.375576
  • kucoin-sharesKuCoin (KCS) $ 8.20
  • quant-networkQuant (QNT) $ 67.01
  • lido-daoLido DAO (LDO) $ 1.09
  • based-brettBrett (BRETT) $ 0.096015
  • jasmycoinJasmyCoin (JASMY) $ 0.019489
  • ethenaEthena (ENA) $ 0.333992
  • bitcoin-svBitcoin SV (BSV) $ 45.76
  • neiro-3Neiro (NEIRO) $ 0.002147
  • bittorrentBitTorrent (BTT) $ 0.00000092
  • galaGALA (GALA) $ 0.021776
  • wormholeWormhole (W) $ 0.321195
  • coredaoorgCore (CORE) $ 0.936371
  • flowFlow (FLOW) $ 0.550565
  • fasttokenFasttoken (FTN) $ 2.56
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,456.74
  • starknetStarknet (STRK) $ 0.422911
  • notcoinNotcoin (NOT) $ 0.007995
  • beam-2Beam (BEAM) $ 0.015807
  • aerodrome-financeAerodrome Finance (AERO) $ 1.24
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,512.04
  • conflux-tokenConflux (CFX) $ 0.174114
  • msolMarinade Staked SOL (MSOL) $ 179.62
  • spx6900SPX6900 (SPX) $ 0.835526
  • elrond-erd-2MultiversX (EGLD) $ 27.59
  • klay-tokenKlaytn (KLAY) $ 0.129378
  • neoNEO (NEO) $ 10.62
  • ordinalsORDI (ORDI) $ 35.66
  • usddUSDD (USDD) $ 1.00
  • flare-networksFlare (FLR) $ 0.014831
  • axie-infinityAxie Infinity (AXS) $ 4.78
  • eosEOS (EOS) $ 0.479352
  • eigenlayerEigenlayer (EIGEN) $ 3.85
  • mog-coinMog Coin (MOG) $ 0.000002
  • tezosTezos (XTZ) $ 0.698107
  • nervos-networkNervos Network (CKB) $ 0.015604
  • ecasheCash (XEC) $ 0.000035
  • tokenize-xchangeTokenize Xchange (TKX) $ 8.48
  • axelarAxelar (AXL) $ 0.836339
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • pendlePendle (PENDLE) $ 4.12
  • tether-goldTether Gold (XAUT) $ 2,658.43
  • fraxFrax (FRAX) $ 0.997676
  • the-sandboxThe Sandbox (SAND) $ 0.266325
  • akash-networkAkash Network (AKT) $ 2.59
  • mina-protocolMina Protocol (MINA) $ 0.540263
  • chilizChiliz (CHZ) $ 0.069013
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 63,007.00
  • aleoALEO (ALEO) $ 3.03
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.006910
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,528.22
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000029
  • dydx-chaindYdX (DYDX) $ 0.922433
  • ethereum-name-serviceEthereum Name Service (ENS) $ 17.35
  • roninRonin (RON) $ 1.60
  • decentralandDecentraland (MANA) $ 0.300715
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.005588
  • nexoNEXO (NEXO) $ 0.995086
  • superfarmSuperVerse (SUPER) $ 1.21
  • zcashZcash (ZEC) $ 35.51
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 63,276.00
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.88
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,463.47
  • aioz-networkAIOZ Network (AIOZ) $ 0.461768
  • beldexBeldex (BDX) $ 0.077795
  • pax-goldPAX Gold (PAXG) $ 2,664.55
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000090
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  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,460.41
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 2,663.53
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 153.06
  • true-usdTrueUSD (TUSD) $ 0.999120
  • book-of-memeBOOK OF MEME (BOME) $ 0.007193
  • apecoinApeCoin (APE) $ 0.732566
  • zksyncZKsync (ZK) $ 0.134440
  • havvenSynthetix Network (SNX) $ 1.50
  • dexeDeXe (DEXE) $ 8.58
  • oasis-networkOasis (ROSE) $ 0.072010
  • gigachad-2Gigachad (GIGA) $ 0.050229
  • raydiumRaydium (RAY) $ 1.80
  • layerzeroLayerZero (ZRO) $ 4.23
  • baby-doge-coinBaby Doge Coin (BABYDOGE) $ 0.00000000
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.12
  • safeSafe (SAFE) $ 0.951933
  • arkhamArkham (ARKM) $ 1.67
  • blurBlur (BLUR) $ 0.236218
  • celoCelo (CELO) $ 0.819026
  • gnosisGnosis (GNO) $ 173.59
  • astarAstar (ASTR) $ 0.060441
  • metaplexMetaplex (MPLX) $ 0.447010
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999934
  • livepeerLivepeer (LPT) $ 12.48
  • iotaIOTA (IOTA) $ 0.124385
  • frax-etherFrax Ether (FRXETH) $ 2,455.66
  • xdce-crowd-saleXDC Network (XDC) $ 0.028417
  • dydxdYdX (ETHDYDX) $ 0.924952
  • apenftAPENFT (NFT) $ 0.00000042
  • theta-fuelTheta Fuel (TFUEL) $ 0.061742
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  • l2-standard-bridged-weth-blastL2 Standard Bridged WETH (Blast) (WETH) $ 2,463.61
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.079362
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  • compound-governance-tokenCompound (COMP) $ 45.46
  • echelon-primeEchelon Prime (PRIME) $ 8.34
  • bitcoin-goldBitcoin Gold (BTG) $ 22.18
  • stepnGMT (GMT) $ 0.132901
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  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.06
  • ethereum-pow-iouEthereumPoW (ETHW) $ 3.55
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 63,112.00
  • kavaKava (KAVA) $ 0.348453
  • iotexIoTeX (IOTX) $ 0.039233
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 0.999703
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 2,462.69
  • bitcoin-avalanche-bridged-btc-bBitcoin Avalanche Bridged (BTC.b) (BTC.B) $ 63,132.00
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  • safepalSafePal (SFP) $ 0.716133
  • dymensionDymension (DYM) $ 1.67
  • golemGolem (GLM) $ 0.340066
  • 1inch1inch (1INCH) $ 0.262730

Bitcoin nears $40K: bullish indicators suggest upward momentum

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Bitcoin’s value is approaching the coveted mark of $40,000 — a height it hasn’t experienced since the sudden destabilization of TerraUSD in May 2022.

At the time of writing, the value of Bitcoin (BTC) was hovering around $39,653, having seen a 2.1% increase in just 24 hours, according to data from CoinGecko.

Bitcoin nears $40K: bullish indicators suggest upward momentum

Bitcoin price chart. Source: CoinGecko

BTC’s bolstering indicators, such as the Relative Strength Index (RSI) and the Awesome Oscillator (AO), suggest a positive momentum maintained by the bulls.

Per analysts, the increased buying pressure might propel the coin to exceed its current high and reach the $40,000 threshold.

They have pegged this bullish drive down to several factors. Firstly, the expected approval of spot Bitcoin ETFs between Jan. 5 and 10, 2024, has created a wave of anticipation.

Secondly, historical data shows that BTC typically sees strong performances in the final quarter of the year. Furthermore, the upcoming Bitcoin halving event scheduled for April 2024 is another significant milestone on the horizon.

You might also like: Bitcoin’s latest price surge puts over 80% of holders at a profit

But perhaps the most substantial driving force, according to market watchers, is the forthcoming Federal Reserve rate cuts, anticipated to commence by March next year.

Over the week, reports emerged that the Securities and Exchange Commission (SEC) had discussions with Grayscale, BlackRock, and Nasdaq about their Bitcoin ETF applications. This development could invite a broader audience to invest in Bitcoin without directly purchasing and storing the crypto.

Crypto trader Arthur Hayes was also at the forefront of pushing positive sentiment around BTC. In a recent blog post, he posited that a weakening dollar will allow China to implement a substantial round of stimulus.

Additionally, recent data shows BTC stored in exchanges decreased by more than $1 billion, suggesting increased confidence in long-term Bitcoin holdings.


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