As memecoins based on dead diplomats and Bitcoin bashers rise and fall, the world's top crypto is reeling at a high temperature not seen in more than a year, peaking above $38,000 early Friday, CoinGecko reported.
BTC price hit $38,077 in less than 24 hours after touching $38,143 on Wednesday. It's Bitcoin's third trip above $38,000 since last Friday, reaching levels not seen since May 2022. The crypto then went from a high of over $60,000 in October 2021 to a low of $16,500 in November. 2022.
Today's high water mark means Bitcoin has seen a more than 10% lift in the past 30 days, and a 121% gain in one year.
Pending Bitcoin spot ETF applications (one grew on Wednesday) and a steady stream of news not entirely consistent with The Fed's dovish readings, emerging Bitcoin movements have been strong enough to spark bullish conversations.
Ethereum, the second-ranked digital asset for the year, is also on the rise as December begins, rising to $2,090 at the time of writing and reaching $2,119 on Black Friday. ETH has not been in the neighborhood since it topped $2K in mid-April.
Ethereum is a long way from its all-time high of $4,732 on November 11, 2021.
Meanwhile, Solana and Dogecoin have also seen strong gains in the past few weeks, now above $60 and above $0.084, selling for 59% and 23% in 30 days.
Stay on top of crypto news, get daily updates in your inbox.
