According to data from CoinGecko, the price of the most popular cryptocurrency, Bitcoin, passed $40,000 on Sunday afternoon as its recent surge continued at a rapid pace throughout the weekend.
Bitcoin Passed $40,000 Mark 1st Time Since April 2022
For the first time since April 2022, just before the larger cryptocurrency market crashed, the price of BTC has reached such a high.
The price of Bitcoin has more than doubled since this time last year, and its near-20-month top reflects a 15% increase over the last 30 days.
The increasing price seems to be a reflection of the enthusiasm and optimism around the expected approval of a Bitcoin spot exchange-traded fund (ETF) in the US.
US SEC Meetings With Firms
The U.S. Securities and Exchange Commission (SEC) has lately held meetings with some of the companies that have submitted applications to operate them.
Bitcoin isn’t the only cryptocurrency that rose in value over the weekend.
Today marks the first time since May 2022 that Ethereum is trading above $2,200.
Although both coins have only increased by roughly 2% in the last day, they have been steadily rising recently.
Rise in NFT Price
This weekend has seen price increases for many well-known NFT projects as well.
According to NFT Price Floor, the cheapest listed asset in well-known projects like Pudgy Penguins, DeGods, and Azuki has increased by double digits over the last 24 hours.
To read our blog on “Bitcoin has an opportunity to create a ‘Energetic Future’,” click here.
