On Monday, the value of stocks connected to cryptocurrencies in the U.S. rose significantly, continuing the positive trend seen in November.
This increase coincided with Bitcoin surpassing $42,000, marking a new high for the year.
Bitcoin achieved its highest price in nearly 20 months, and gold reached a new all-time high
These movements were influenced by widespread speculation among investors that interest rates will decrease next year, impacting various global assets.
Shares of companies connected to cryptocurrency have experienced a significant increase in recent weeks.
This upward movement is driven by optimism regarding potential interest rate cuts in the U.S.
Traders report that the increasing desire to buy bitcoin, which has seen a significant rise in value over the past month, is also driven by a growing interest among investors.
Bitcoin increased by 4.1% to $41,649, reaching its highest point since April 2022 and hitting $42,162 earlier in the session.
There's also optimism about next year, with some seeing it as a favorable time for bitcoin due to an event called "halving.
Despite concerns from traders, Binance has not been shut down by US authorities