A tough year filled with a strenuous and demanding agenda, as well as exhausting days, is coming to an end. Many events took place up until December. Finally, after about a year, the price of Bitcoin rose from $15,500 to $39,000. As we have always said in the past, this is about Bitcoin’s ability to provide returns “over a sufficiently long term.” So, what is the current situation?

힘들고 힘든 일정과 지친 나날들로 가득했던 힘든 한 해가 끝나가고 있습니다. 12월까지 많은 이벤트가 진행되었습니다. 마침내 약 1년 만에 비트코인 ​​가격이 15,500달러에서 39,000달러로 상승했습니다. 우리가 과거에 항상 말했듯이, 이는 “충분히 장기간에 걸쳐” 수익을 제공하는 비트코인의 능력에 관한 것입니다. 그렇다면 현재 상황은 어떠한가?

Current Bitcoin Status

The king of cryptocurrencies is currently trading at $38,778, with Bitcoin market dominance at 52%. In the last 7 days, BTC price has increased by 2.6%, reaching a new high for 2023. Investors are also beginning to forget the gloomy days overshadowed by the Fed following approximately 19 months of the best monthly close.

암호화폐의 왕은 현재 38,778달러에 거래되고 있으며 비트코인 ​​시장 지배력은 52%입니다. 지난 7일 동안 BTC 가격은 2.6% 상승하여 2023년 최고치를 경신했습니다. 또한 투자자들은 약 19개월 동안 최고의 월간 마감을 기록한 후 연준이 가리고 있던 우울한 시절을 잊기 시작했습니다.

The Fed is expected to commence interest rate cuts by the second quarter of next year at the latest. Moreover, from ETF approvals to the halving, numerous significant developments are increasing investors’ appetite for risk. The optimism on the macro front does not only concern Bitcoin; shortly after BTC hit its $39,000 peak, gold also reached its all-time high of $2,075.

The weekly chart looks promising for BTC as it is regaining the region it lost during the May 2022 crash at a similar pace. Moreover, overcoming a region that remained resistant during the same period is another development that fuels hope. The next step should be targeting the regions of $42,800 and $47,200 with closes above $40,000.

If the price can approach $48,000, this would mean that the old ATH could be seen again soon. However, most investors will be caught unprepared for this as those who targeted $12,000 when it was $15,500 are still not over the shock of the event.

가격이 48,000달러에 가까워지면 이는 오래된 ATH를 곧 다시 볼 수 있다는 의미입니다. 그러나 대부분의 투자자들은 $15,500에서 $12,000를 목표로 삼은 사람들이 여전히 사건의 충격을 극복하지 못하고 있기 때문에 이에 대한 준비가 되어 있지 않은 상태에 놓이게 될 것입니다.

Current Status of Cryptocurrencies

암호화폐 현황

The cumulative value of cryptocurrency has surpassed $1.46 trillion. Cumulative volume is around $50 billion. Among the top 10 cryptocurrencies, DOGE experienced the most significant weekly increase. Dogecoin has been missing out on rallies for a long time and should not be surprised to see some recovery as space missions approach.

This week we faced another of the harsh realities of crypto. While there are hundreds of tokens that genuinely produce benefits and have deals with giant companies, the record earnings among the top 100 cryptocurrencies were in USTC and LUNC Coin. USTC price maintains its gain exceeding 300% following its listing on Binance futures, and LUNC continues the week with a 90% gain. Painful though it may be, the intensity of traders chasing speculative profits normalizes this situation.

• Bitcoin price surges, hitting new highs.

비트코인 가격이 급등하며 최고치를 경신했습니다.

• Macro optimism boosts investor sentiment.
• Cryptocurrency market value exceeds expectations.

암호화폐 시장 가치는 기대치를 뛰어넘습니다.

계속 읽기: https://en.coin-turk.com/bitcoins-remarkable-surge-amidst-optimistic-market-changes/