Bitcoin breaks $41K as gold price reaches new all-time high

The price of gold has broken through a new all-time high, surpassing the significant level of $2,100 during the Asian session on Monday, Dec. 4. Meanwhile, Bitcoin has also surged above $41,000 for the first time in 19 months.

What's more, Bitcoin has now risen over 140% since the beginning of the year.

Insights from Matrixport’s research head, Markus Thielen, suggest an even brighter future. With historical trends of post-bear market bull cycles and upcoming Bitcoin halving events as a backdrop, projections place Bitcoin at over $60,000 by April next year and as high as $125,000 by the end of 2024.

#news #btc #markets

Dec-4-2023 08:45:59 AM