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Bitcoin Skyrockets to $39K Despite Regulatory Hurdles

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BitcoinΒ BTC/USD surged to a sweet $39K level on Friday, marking its highest peak this year since May 2022.

The cryptocurrency defiantly reached new heights despite regulatory restraints, with Binance settling at $4.3 billion last month.

Closing 5% higher in the Thanksgiving week, Bitcoin is set to soar nearly 3% higher this week.

Also Read:Β Tim Draper Says Yes to Bitcoin for the Holidays, Anticipates $250,000 BTC in 2024

The cryptocurrency market hit a total capitalization of over $1.5 trillion this week, marking an impressive surge over the past seven days.

In response to this surge, several crypto-linked stocks likeΒ Coinbase Global IncΒ COIN,Β Marathon Digital Holdings IncΒ MARA, and others have been on a bullish tear.

Yesterday, MicroStrategy acquired more Bitcoin, as revealed by CEOΒ Michael Saylor on social media platform X.

Another significant move was made by Bitcoin MinerΒ CleanSpark Inc.Β CLSK, who disclosed mining 666 bitcoin in November and a total of 6,671 bitcoin in 2023 so far. Holding 2.575 bitcoins as of Nov. 30, the company also sold 402 bitcoins in November.

Price Action:Β Bitcoin was trading 1.62% higher, valued at $38,334.87 as of the last check on Friday.

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