Sign Up
Stories
Bitcoin Flirts With $38,000 as Spot ETFs Encourage Bull Run
Share
Bitcoin Price Flirts with $38,000 as Spo...
Asian Markets' Positive Weekly Closing
Bitcoin Approaches $38,000 as Dollar Vul...
Bitcoin Flirts With $38,000, Dollar Vuln...
Overview
API
Bitcoin's price is approaching $38,000, the level last seen in May 2022, due to expectations of increased demand from spot ETFs. The dollar remains steady but vulnerable after the Federal Reserve's hawkish rhetoric shift last week. The US dollar dropped to a six-week low after softer-than-expected jobs data, reinforcing expectations that the Federal Reserve will hold interest rates steady at its December meeting.
Ask a question
How might the approval of spot ETFs impact Bitcoin's price?
What are the potential implications of the Bank of England's decision to hold rates steady?
What factors contribute to the vulnerability of the dollar?
Article Frequency
0.2
0.4
0.6
0.8
1.0
May 2023
Jul 2023
Sep 2023
Nov 2023
Coverage