Bitcoin has experienced a significant rise, recording a new peak that it has not achieved in 19 months at 39,000 dollars.
Most altcoins followed in this ascent, with Solana (SOL) settling above the USD 60 level, Ethereum maintaining a level above USD 2,100, while Cardano (ADA) approached USD 0.4.
At the beginning of the week, Bitcoin faced challenges, falling below 37,000 dollars on Monday, and it could not break above this level until Tuesday morning.
The situation changed significantly by the end of Wednesday, as the price of bitcoin rose above 38,000 dollars on several occasions.
The following days saw volatility, but with the advent of Friday and the beginning of the last month of 2023, bitcoin experienced another significant rise, through which it reached 39,000 dollars, a price that it has not seen since May 2022.
Although it has declined by several hundred dollars since then, it is still close to this level, with community expectations that it will reach 40,000 dollars.
This rise followed MicroStrategy’s significant investment in bitcoin.
Currently, the market capitalization of bitcoin has reached about 760 billion dollars on coinmarketcap, and it has regained its dominance over altcoins by 52%.
