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International Business Times

Business

Nica Osorio

Bitcoin Soars To $38,000 Amid Spot ETF Approval Anticipation And MicroStrategy's BTC Accumulation

Bitcoin MicroStrategy ETF Crypto Michael Saylor

Concept of deadline to invest in bitcoin cryptocurrency. with Bitcoin and alarm clock (Credit: Jernej Furman/flickr.com)

KEY POINTS

Bitcoin claimed the $38,000 price level Thursday night, which continued through Friday early morning
BTC was trading in the green zone at $38,653.94 in the early hours of Friday
ETF analysts maintains the 90% odds on spot Bitcoin ETF approvals by January 2024

Bitcoin, the world's first-ever crypto asset, broke through the $38,000 price level Thursday evening as MicroStrategy continued its bullish acquisition of the "king of crypto" amid hopes of multiple spot BTC exchange-traded fund (ETF) approvals.

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