Bitcoin Soars Above $41,000 to 20-Month High

Bitcoin (BTC) surpassed the $42,000 mark for the first time since April 2022, reaching levels not seen since the Terra crash, while Ether (ETH) exceeded $2,200.

Bitcoin had been hovering around the $40,000 threshold in recent days but finally breached it on Monday, trading above $41,600 at the time of reporting, marking a 24-hour increase of approximately 6%.

Ether was trading around $2,240, reflecting a similar percentage gain. This upward movement also propelled crypto-related stocks, with Coinbase (COIN) and Microstrategy (MSTR) both experiencing nearly 9% jumps in pre-market trading.

Crypto miners, including Marathon Digital (MARA) and Riot (RIOT), saw gains of over 10%, Coin Desk reported.

READ MORE: https://www.coindesk.com/markets/2023/12/03/bitcoin-breaks-40k-for-first-time-in-18-months-amid-broader-crypto-market-rise/

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