{"id":86670,"date":"2023-12-04T02:16:09","date_gmt":"2023-12-04T07:16:09","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=86670"},"modified":"2023-12-04T01:56:52","modified_gmt":"2023-12-04T06:56:52","slug":"bitcoin-tops-40000-to-hit-a-19-month-high-on-etf-hopes-bets-on-fed-cuts","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2023\/bitcoin-tops-40000-to-hit-a-19-month-high-on-etf-hopes-bets-on-fed-cuts.html","title":{"rendered":"Bitcoin tops $40,000 to hit a 19-month high on ETF hopes, bets on Fed cuts"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/BTC.CM=\/\">Bitcoin<\/a> crossed the $40,000 mark for the first time this year on Monday in Asia, bolstered by\u00a0<a href=\"https:\/\/www.cnbc.com\/2023\/11\/30\/sec-meets-with-grayscale-blackrock-about-potential-bitcoin-etfs.html\">anticipation of a bitcoin exchange-traded fund approval<\/a> and <a href=\"https:\/\/www.cnbc.com\/2023\/11\/29\/heres-what-it-would-take-for-the-fed-to-start-slashing-rates-in-2024.html\">bets on U.S. interest rate cuts<\/a>. The world\u2019s largest cryptocurrency surged more than 4% on Monday in Asia to a 19-month high, and traded as high as $41,520 as of 12.30am ET, based on Coin Metrics data. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2023\/12\/04\/bitcoin-tops-40000-for-first-time-in-2023-on-etf-hopes-bets-on-fed-cuts.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Bitcoin crossed the $40,000 mark for the first time this year on Monday in Asia, bolstered by\u00a0anticipation of a bitcoin exchange-traded fund approval and bets on U.S. interest rate cuts. The world\u2019s largest cryptocurrency surged more than 4% on [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86670","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=86670"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86670\/revisions"}],"predecessor-version":[{"id":86671,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/86670\/revisions\/86671"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=86670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=86670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=86670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}