• bitcoinBitcoin (BTC) $ 51,047.00
  • ethereumEthereum (ETH) $ 2,958.47
  • tetherTether (USDT) $ 0.999368
  • bnbBNB (BNB) $ 379.77
  • solanaSolana (SOL) $ 102.10
  • xrpXRP (XRP) $ 0.541797
  • staked-etherLido Staked Ether (STETH) $ 2,957.28
  • usd-coinUSDC (USDC) $ 0.999624
  • cardanoCardano (ADA) $ 0.584802
  • avalanche-2Avalanche (AVAX) $ 36.29
  • dogecoinDogecoin (DOGE) $ 0.084980
  • tronTRON (TRX) $ 0.137969
  • chainlinkChainlink (LINK) $ 18.41
  • polkadotPolkadot (DOT) $ 7.80
  • uniswapUniswap (UNI) $ 12.49
  • matic-networkPolygon (MATIC) $ 1.02
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 51,043.00
  • the-open-networkToncoin (TON) $ 2.11
  • internet-computerInternet Computer (ICP) $ 12.38
  • shiba-inuShiba Inu (SHIB) $ 0.000010
  • bitcoin-cashBitcoin Cash (BCH) $ 266.21
  • litecoinLitecoin (LTC) $ 69.67
  • daiDai (DAI) $ 0.998673
  • immutable-xImmutable (IMX) $ 3.08
  • filecoinFilecoin (FIL) $ 8.06
  • cosmosCosmos Hub (ATOM) $ 10.28
  • leo-tokenLEO Token (LEO) $ 4.12
  • kaspaKaspa (KAS) $ 0.165479
  • bittensorBittensor (TAO) $ 591.09
  • nearNEAR Protocol (NEAR) $ 3.57
  • ethereum-classicEthereum Classic (ETC) $ 25.73
  • hedera-hashgraphHedera (HBAR) $ 0.107332
  • blockstackStacks (STX) $ 2.49
  • aptosAptos (APT) $ 9.39
  • optimismOptimism (OP) $ 3.57
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • stellarStellar (XLM) $ 0.116335
  • vechainVeChain (VET) $ 0.043389
  • okbOKB (OKB) $ 50.51
  • injective-protocolInjective (INJ) $ 33.98
  • lido-daoLido DAO (LDO) $ 3.17
  • celestiaCelestia (TIA) $ 16.57
  • render-tokenRender (RNDR) $ 7.00
  • mantleMantle (MNT) $ 0.774380
  • crypto-com-chainCronos (CRO) $ 0.092411
  • the-graphThe Graph (GRT) $ 0.257741
  • arbitrumArbitrum (ARB) $ 1.82
  • moneroMonero (XMR) $ 124.52
  • sei-networkSei (SEI) $ 0.804468
  • suiSui (SUI) $ 1.61
  • makerMaker (MKR) $ 2,013.82
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,246.94
  • beam-2Beam (BEAM) $ 0.032041
  • thorchainTHORChain (RUNE) $ 5.33
  • dydx-chaindYdX (DYDX) $ 3.75
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,024.67
  • algorandAlgorand (ALGO) $ 0.191902
  • elrond-erd-2MultiversX (EGLD) $ 57.65
  • aaveAave (AAVE) $ 103.01
  • flowFlow (FLOW) $ 1.02
  • quant-networkQuant (QNT) $ 103.54
  • bitcoin-svBitcoin SV (BSV) $ 74.27
  • flare-networksFlare (FLR) $ 0.040997
  • bitget-tokenBitget Token (BGB) $ 0.997148
  • starknetStarknet (STRK) $ 1.91
  • mina-protocolMina Protocol (MINA) $ 1.26
  • havvenSynthetix Network (SNX) $ 3.98
  • true-usdTrueUSD (TUSD) $ 0.974461
  • ordinalsORDI (ORDI) $ 58.99
  • tokenize-xchangeTokenize Xchange (TKX) $ 15.39
  • theta-tokenTheta Network (THETA) $ 1.23
  • heliumHelium (HNT) $ 8.52
  • siacoinSiacoin (SC) $ 0.020490
  • fantomFantom (FTM) $ 0.405232
  • the-sandboxThe Sandbox (SAND) $ 0.507191
  • dydxdYdX (ETHDYDX) $ 3.72
  • chilizChiliz (CHZ) $ 0.124274
  • axie-infinityAxie Infinity (AXS) $ 7.96
  • worldcoin-wldWorldcoin (WLD) $ 7.83
  • bittorrentBitTorrent (BTT) $ 0.000001
  • fetch-aiFetch.ai (FET) $ 0.997212
  • galaGALA (GALA) $ 0.030121
  • apecoinApeCoin (APE) $ 1.71
  • kucoin-sharesKuCoin (KCS) $ 10.57
  • whitebitWhiteBIT Coin (WBT) $ 7.03
  • cheeleeCheelee (CHEEL) $ 18.47
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  • blurBlur (BLUR) $ 0.679023
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000045
  • eosEOS (EOS) $ 0.811406
  • decentralandDecentraland (MANA) $ 0.490029
  • dymensionDymension (DYM) $ 6.20
  • frax-etherFrax Ether (FRXETH) $ 2,949.86
  • neoNEO (NEO) $ 12.73
  • roninRonin (RON) $ 3.00
  • astarAstar (ASTR) $ 0.159268
  • conflux-tokenConflux (CFX) $ 0.235315
  • singularitynetSingularityNET (AGIX) $ 0.700449
  • akash-networkAkash Network (AKT) $ 3.86
  • kavaKava (KAVA) $ 0.806352
  • arweaveArweave (AR) $ 13.15
  • iotaIOTA (IOTA) $ 0.271275
  • woo-networkWOO (WOO) $ 0.463648
  • axelarAxelar (AXL) $ 1.43
  • pyth-networkPyth Network (PYTH) $ 0.547745
  • oasis-networkOasis Network (ROSE) $ 0.121866
  • gnosisGnosis (GNO) $ 316.12
  • klay-tokenKlaytn (KLAY) $ 0.224274
  • pancakeswap-tokenPancakeSwap (CAKE) $ 3.33
  • bonkBonk (BONK) $ 0.000012
  • usddUSDD (USDD) $ 0.998386
  • wemix-tokenWEMIX (WEMIX) $ 2.02
  • manta-networkManta Network (MANTA) $ 2.88
  • curve-dao-tokenCurve DAO (CRV) $ 0.636106
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000123
  • swethSwell Ethereum (SWETH) $ 2,976.06
  • jupiter-exchange-solanaJupiter (JUP) $ 0.508046
  • msolMarinade staked SOL (MSOL) $ 118.98
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,172.81
  • ethereum-name-serviceEthereum Name Service (ENS) $ 21.40
  • frax-shareFrax Share (FXS) $ 8.51
  • fraxFrax (FRAX) $ 0.999214
  • ecasheCash (XEC) $ 0.000033
  • nexoNEXO (NEXO) $ 1.14
  • gatechain-tokenGate (GT) $ 4.74
  • corgiaiCorgiAI (CORGIAI) $ 0.002082
  • 1inch1inch (1INCH) $ 0.540216
  • jasmycoinJasmyCoin (JASMY) $ 0.012749
  • illuviumIlluvium (ILV) $ 95.44
  • ondo-financeOndo (ONDO) $ 0.412614
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,135.33
  • xdce-crowd-saleXDC Network (XDC) $ 0.041154
  • coredaoorgCore (CORE) $ 0.654050
  • rocket-poolRocket Pool (RPL) $ 28.09
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.32
  • altlayerAltLayer (ALT) $ 0.489077
  • iotexIoTeX (IOTX) $ 0.056619
  • zetachainZetaChain (ZETA) $ 2.24
  • pepePepe (PEPE) $ 0.000001
  • fasttokenFasttoken (FTN) $ 1.64
  • metis-tokenMetis (METIS) $ 93.45
  • tether-goldTether Gold (XAUT) $ 2,004.63
  • enjincoinEnjin Coin (ENJ) $ 0.349800
  • compound-governance-tokenCompound (COMP) $ 70.14
  • kujiraKujira (KUJI) $ 3.91
  • gmxGMX (GMX) $ 49.56
  • radixRadix (XRD) $ 0.045374
  • lido-staked-solLido Staked SOL (STSOL) $ 118.97
  • stepnGMT (GMT) $ 0.263349
  • casper-networkCasper Network (CSPR) $ 0.038028
  • nervos-networkNervos Network (CKB) $ 0.010120
  • compound-wrapped-btccWBTC (CWBTC) $ 1,024.83
  • terra-luna-2Terra (LUNA) $ 0.659548
  • skaleSKALE (SKL) $ 0.085679
  • aelfaelf (ELF) $ 0.621865
  • apenftAPENFT (NFT) $ 0.00000044
  • mask-networkMask Network (MASK) $ 4.48
  • superfarmSuperVerse (SUPER) $ 0.952250
  • neutron-3Neutron (NTRN) $ 1.53
  • bitcoin-goldBitcoin Gold (BTG) $ 24.43
  • holotokenHolo (HOT) $ 0.002395
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • ribbon-financeRibbon Finance (RBN) $ 0.467234
  • ocean-protocolOcean Protocol (OCEAN) $ 0.704054
  • strideStride (STRD) $ 4.73
  • kusamaKusama (KSM) $ 46.85
  • echelon-primeEchelon Prime (PRIME) $ 12.38
  • celoCelo (CELO) $ 0.795164
  • zilliqaZilliqa (ZIL) $ 0.023580
  • livepeerLivepeer (LPT) $ 13.46
  • compound-ethercETH (CETH) $ 59.45
  • zcashZcash (ZEC) $ 27.72
  • gasGas (GAS) $ 6.27
  • pax-goldPAX Gold (PAXG) $ 2,006.86
  • rollbit-coinRollbit Coin (RLB) $ 0.136033
  • api3API3 (API3) $ 3.80
  • aleph-zeroAleph Zero (AZERO) $ 1.30
  • pixelsPixels (PIXEL) $ 0.505147
  • xai-blockchainXai (XAI) $ 1.40
  • convex-financeConvex Finance (CVX) $ 4.71
  • origintrailOriginTrail (TRAC) $ 0.999358
  • desoDecentralized Social (DESO) $ 36.09
  • hytopiaHytopia (TOPIA) $ 0.075912
  • basic-attention-tokenBasic Attention (BAT) $ 0.252720
  • stader-ethxStader ETHx (ETHX) $ 3,002.62
  • nosanaNosana (NOS) $ 4.41
  • pocket-networkPocket Network (POKT) $ 0.223318
  • safepalSafePal (SFP) $ 0.795043
  • moonbeamMoonbeam (GLMR) $ 0.428290
  • dashDash (DASH) $ 30.26
  • sushiSushi (SUSHI) $ 1.79
  • vethor-tokenVeThor (VTHO) $ 0.004754
  • nemNEM (XEM) $ 0.038541
  • loopringLoopring (LRC) $ 0.277260
  • qtumQtum (QTUM) $ 3.27
  • flokiFLOKI (FLOKI) $ 0.000035
  • oec-tokenOKT Chain (OKT) $ 19.01
  • golemGolem (GLM) $ 0.329403
  • chiaChia (XCH) $ 32.28

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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