The rally continues
The price of Bitcoin broke through $40,000 for the first time at the beginning of last year and at the time of publication of the note rose to $40,750.
This happened against the backdrop of improving investor sentiment and increasing demand for cryptocurrencies from institutional investors.
According to a report from the US Federal Reserve, inflation in the country slowed to 8.6% in November, down from 9.1% in October. This makes it less likely that the Fed will continue to raise interest rates. This development of events has a positive impact on cryptocurrency rates.
Bitcoin has been rising lately due to constant rumors about the launch of a Bitcoin ETF. In addition, halving is expected in April next year, after which BTC has always previously grown, and by multiples.
Since the beginning of the year, BTC has grown by 140%