Bitcoin (BTC) hit a fresh 19-month high above $42,000 Monday, fueled by some "panic buying" as expectations for lower interest rates, looming spot bitcoin ETF decisions and flows into digital asset funds supported rising crypto prices.
Bitcoin's rise pushed the total crypto market value to over $1.5 trillion for the first time since May 2022, when Terra's collapse marked the beginning of the crypto winter, TradingView data shows.
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