``` Bitcoin Surpasses $41K as Gold Hits Record High - Coin Postman
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Bitcoin Surpasses $41K as Gold Hits Record High

The price of gold has broken through a new all-time high, surpassing the significant level of $2,100 during the Asian session on Monday, Dec. 4. Meanwhile, Bitcoin (BTC) has also surged above $41,000 for the first time in 19 months.

Bitcoin has made a triumphant return to the $40,000 threshold, a figure unseen since the heights of April 2022. This included a swift 2% jump over 24 hours, marking a 19-month peak for the cryptocurrency.
Insights from Matrixport’s research head, Markus Thielen, suggest an even brighter future, projecting Bitcoin to surpass $60,000 by April next year and reach as high as $125,000 by the end of 2024. These predictions are based on historical trends of post-bear market bull cycles and upcoming Bitcoin halving events.
The speculative winds are further fanned by the potential approval of a spot Bitcoin exchange-traded fund (ETF) in the United States. With 13 bidders, including industry giants like BlackRock and Grayscale, the anticipation is building toward a decision by the Securities and Exchange Commission (SEC). Bloomberg’s ETF analysts see a high probability of simultaneous approvals for all pending bids by Jan. 10. This potential approval could mark a new era of institutional participation and investment in Bitcoin, likely boosting its price.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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