Bitcoin Nears The Sweet Spot, Zooms To $39K

Bitcoin BTC/USD touched around $39K on Friday, surging to the highest level this year since May 2022.

The token attained new heights despite restraint from regulators on the crypto domain, which includes Binance's settlement worth $4.3 billion last month.

Bitcoin closed higher by about 5% in the Thanksgiving week and will likely approach 3% higher this week.

Also Read: Tim Draper Says Yes to Bitcoin For The Holidays, Anticipates $250,000 BTC In 2024

Notably, the cryptocurrency market tapped a total capitalization of over $1.5 trillion, thanks to an increase in the past seven days.

Several crypto-linked stocks are surging in response to this, including Coinbase Global Inc COIN, Marathon Digital Holdings Inc MARA, Riot Platforms Inc RIOT, Bakkt Holdings Inc BKKT and HIVE Digital Technologies Ltd HIVE.

Yesterday, MicroStrategy purchased additional Bitcoin, according to a post on the social media platform X from CEO Michael Saylor.

Another Bitcoin Miner, CleanSpark Inc. CLSK, today disclosed mining 666 bitcoin in November and 6,671 bitcoin in 2023 so far. The company sold 402 bitcoins in November and holds 2.575 bitcoins as of Nov. 30.

Price Action: Bitcoin traded higher by 1.62% at $38,334.87 on the last check Friday.