Bitcoin rose to $38,800 for the first time since May 2022 during European morning hours on Friday, continuing a strong multimonth run buoyed by expectations of growing institutional demand.
Microstrategy (MSTR), the largest corporate holder of bitcoin (BTC), boosted its holdings in November, buying some 16,130 BTC, worth around $608 million at Thursday's prices.
The Brazilian Senate approved new income-tax regulations that could mean citizens will face paying up to 15% on earnings from cryptocurrencies held on international exchanges, Yahoo Finance reported Thursday.
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