Bitcoin zips past $41,000 amid unending ETF optimism
Summary
Bitcoin's price rose past $41,000 on Dec. 4, its first time in 19 months, driven by optimism about a potential U.S.-approved Bitcoin exchange-traded fund (ETF). The price increase resulted in a market cap of $811.89 billion, making Bitcoin one of the top 10 world assets by market capitalization. The rise also caused some short traders to lose more than $70 million. This price surge led to major gains for other cryptocurrencies including Ethereum, which increased by more than 4% to break $2,200, and Solana, which passed the $65 mark. Other cryptocurrencies like Cardano, Dogecoin, BNB, XRP, and Terra-related coins also made gains.
