Bitcoin Nears $40K as Investors Bet on Future ETF
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Bitcoin touched $38,000 on Friday, its highest level since May 2022, with some predicting it will reach $40,000 soon.
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An estimated $2.7 billion has flowed into Grayscale's Bitcoin Trust this year speculatively ahead of a potential conversion to a bitcoin ETF.
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A Montenegro court approved extraditing Terra founder Do Kwon to South Korea or the US to face fraud charges related to TerraUSD's collapse.
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The US dollar remains the most used currency in global financial transactions, though the euro's share has fallen to its lowest level in over 13 years.
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Bitcoin was trading around $38,000 on Friday, up 1.5% from the previous day amid low trading volume over the Thanksgiving holiday weekend.