Bitcoin witnessed a noticeable rise
During the past 24 hours, Bitcoin witnessed a noticeable rise, recording a new peak that it had not achieved in 19 months at $39,000.
Most alternative digital currencies followed in this rise, as Solana (SOL) stabilized above the $60 level, Ethereum maintained a level exceeding $2,100, while Cardano (ADA) approached $0.4.
At the beginning of the week, Bitcoin faced challenges, falling below $37,000 on Monday, and was unable to surpass that level until Tuesday morning.
The situation changed significantly by the end of Wednesday, with Bitcoin price rising above $38,000 on several occasions.
The following days were volatile, but with the arrival of Friday and the beginning of the last month of 2023, Bitcoin witnessed another significant rise, reaching $39,000, a price not seen since May 2022.
Although it has fallen by several hundred dollars since then, it is still close to that level, with the community forecasting it will reach $40,000.
This rise came following a large investment by MicroStrategy in Bitcoin.
Currently, Bitcoin's market cap has reached approximately $760 billion on coinmarketcap, and has regained its dominance over altcoins by 52%.
Dogecoin, Tron, Toncoin, and Avalanche faced minor losses, while Polygon rose 4% and regained the $0.8 level.
Chainlink was the most prominent among the large digital currencies, recording an increase of more than 7%, bringing it to trading above $15 and Among mid-sized altcoins, NEAR, RUNE, FIL, IMX, and KAS performed well.
The total market cap of cryptocurrencies has risen by more than $10 billion in the past 24 hours, and now stands at $1.460 trillion according to coinmarketcap.
