- On Monday morning Asia time, bitcoin rose to a high of $40,897, according to Coin Metrics data.
- This is the first time bitcoin has crossed $40,000 this year, bolstered by anticipation of a bitcoin exchange-traded fund approval and bets on U.S. interest rate cuts.
- Bitcoin is now up more than 145% since the start of this year.
Bitcoin, the world’s largest cryptocurrency, has been stealthily rising in 2023.
Chris Ratcliffe | Bloomberg | Getty Images
Bitcoin crossed the $40,000 mark for the first time this year on Monday in Asia, bolstered by anticipation of a bitcoin exchange-traded fund approval and bets on U.S. interest rate cuts.
The world’s largest cryptocurrency surged more than 4% on Monday in Asia to a 19-month high, and traded as high as $41,520 as of 12.30am ET, based on Coin Metrics data. This is the first time since May 2022 that bitcoin has breached the $40,000 level, according…
