Bitcoin has surpassed $41,000 for the first time since April 2022. What’s behind the price surge?

Posted on AllSides December 4th, 2023
From The Left
AP Photo / Salvador Melendez, File

Bitcoin is once again having a moment. On Monday, the world’s largest cryptocurrency soared past $41,000 for the first time in over a year and a half — and marking a 150% rise so far this year.

Volatile bitcoin rocketed from just over $5,000 at the start of the pandemic to nearly $68,000 in November 2021, according to FactSet, a period marked by a surge in demand for technology products. Prices fell back to earth during an aggressive series of Federal Reserve rate hikes aimed at taming inflation and then...

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https://apnews.com/article/bitcoin-price-surge-40k-spot-etfs-16a5678dad7a112e1292bc651cc9fe78

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