Bitcoin Rolls Into December Above $38,000

Is DCA the Way? Diligent Bitcoin Buyers Declared Back in the Black


While memecoins based on deceased diplomats and Bitcoin bashers rise and fall, the world’s top crypto is simmering at high temperatures not seen in over a year, peeking above $38,000 early Friday, according to CoinGecko.

The price of BTC hit $38,077 less than 24 hours after touching $38,143 overnight on Wednesday. It’s Bitcoin’s third trip above $38K since last Friday, reaching levels not seen since May 2022. Back then, the crypto was midway through its long descent from its all-time high of more than $60,000 in October 2021 to as low as $16,500 by November 2022.

Today’s high-water mark means Bitcoin has seen a more than 10% lift in the last 30 days, and a 121% increase in one year.

Bitcoin movements have been solid enough to spark bullish conversations, with a constant stream of news emerging about a slew of pending Bitcoin spot ETF applications (which grew by one on Wednesday) and not entirely bad readings from The Fed.


Perennial second-place digital asset Ethereum is also on the rise as December gets underway, climbing to $2,090 as of this writing, toward the $2,119 price it saw on Black Friday. ETH hasn’t been in the neighborhood since surfacing above $2K in mid-April.

Ethereum is a long way from its all-time high of $4,732 on Nov. 11, 2021.

Meanwhile, Solana and Dogecoin have also seen solid gains over the past few weeks, now trading at over $60 and over $0.084, up 59% and 23% over 30 days, respectively.

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