- December 3, 2023
- Posted by: legaleseblogger
- Category: Related News
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## Bitcoin Surges to $40,000 Amidst Expectations of Interest-Rate Reductions and Increased ETF Demand
Bitcoin has surged to $40,000 for the first time since May 2022, as the largest digital asset continues its rebound on the back of expectations of interest-rate reductions and greater demand from exchange-traded funds. The token was last seen trading at $40,099 as of 6:35 a.m. on Monday in Singapore, marking a 142% jump since the beginning of 2023. This significant surge comes in the wake of the TerraUSD stablecoin collapse, which led to a widespread rout in digital assets and a series of collapses in the crypto sector.
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