Bitcoin Breaks $40K Barrier — Highest Value in Nearly Two Years

[sirty143]

Bitcoin Breaks $40K Barrier — Highest Value in Nearly Two Years

On Sunday, December 3, 2023, bitcoin’s value surged past the $40K mark, peaking at $40,846 at 8:45 p.m. Eastern Time. Over the past week, bitcoin has witnessed an 8.4% increase and a 3% rise in the past 24 hours, achieving a peak that the cryptocurrency hadn’t seen in 20 months. See more for yourself here.

Your opinion is greatly appreciated.

[Tribalchief]

Bitcoin Breaks $40K Barrier — Highest Value in Nearly Two Years

On Sunday, December 3, 2023, bitcoin’s value surged past the $40K mark, peaking at $40,846 at 8:45 p.m. Eastern Time. Over the past week, bitcoin has witnessed an 8.4% increase and a 3% rise in the past 24 hours, achieving a peak that the cryptocurrency hadn’t seen in 20 months. See more for yourself here.

Your opinion is greatly appreciated.

Even with my busy schedule, I have always found interest in checking its price before going to bed. It was $44K some days back, and honestly, I was surprised. But sadly, I guess it went back to $41K when I checked last night. I suppose this incredible rise and fall are based on the anticipation for next year's bull market, am I right?

[Kemarit]

I think what we are seeing are just normal, after a huge spike in the price to almost $45,000, we might be seeing price correction in the last 2 days or so. And it's obvious that many traders or even some investors chooses to take some profits when we have a big increased.

But still though, if we end the year above $40,000 that is a big profit, more than 100% increased since the lowest low of $15,500 last year. We will have the biggest event for Bitcoin and that is the halving. So I guess it's better to just continue to accumulate till that event and not be bothered by the price movement, IMHO.