Bitcoin tops $39,000 for the first time in nearly 6 weeks, adding $114 billion to the crypto market

STR | NurPhoto via Getty Imagessurged Sunday evening topping $39,000 for the first time since mid-June as sentiment turned bullish following a recent sell-off.

The cryptocurrency was trading at around $38,059.84 at 11:05 p.m. ET, according to CoinDesk data, up nearly 11% from the same time 24-hours prior. Bitcoin had previously hit a 24-hour high of $39,544.29, the highest level since June 16.up 5.9% above $2,299.55. The entire cryptocurrency market added over $114 billion in value in 24 hours as of 11:05 p.m. ET, according to data from Coinmarketcap.com.after a global sell-off in stocks, sparking fears that it could plunge even further.

"I think we saw an accumulation period around 29-30K, indicating bullishness and a potential move towards $40K for Bitcoin," said Vijay Ayyar, head of business development at cryptocurrency exchange Luno., Tesla CEO Elon Musk and ARK Invest CEO Cathie Wood all recently spoke during a closely watched bitcoin conference called "The B-Word."

Does any of you know the REAL reason for this up movement? My data can prove it!!! Keep in mind, I only trade bitcoins with about 500 dollars. How could this little money have that much impact? I like to know what the 'experts' at CNBC say...

Undeniable proof that Bitfinex 'printed' fake Tether out of thin air and used this fake Tether to PUMP UP Bitcoin price to ATH through washtrading. SCAMMERS!!! I'm surprised people are not running towards the exits after this news!

Bitfinex is the biggest SCAMMER in the world! Tether SCAM will impact all cryptocurrencies not just BTC It's just matter of time before other officials will put an end to Tether and Washtrading SCAMS run by cryptoexchanges.

I thought cnbc was only allowed to talk about btc when it's going down

BIDENOMICS SOLUTION TO REDUCE INFLATION ... JUST KEPT PRINTING MO MO MONEY ...LOL These people are devaluing the wealth of half their citizens at a historic pace and then say dumb things like this. Incredible. BITCOIN

You forgot dogecoin outperforming them all

kuku27 Soon everything might vanish, hearts will be sunk, I advise keep in touch with ER, SOS services

Let's gooo

institutions will post this week that they bought btc this quarter... 114 billion entered the market in 1 hour today and more are coming

$SQ 264 LONG Bitcoin

SHIB out of competition 🐶📈 SHIB Giveawaay SHIBA_BONUS

It’s all China stock money moving..

I was alerting about asset managers.

nice

bitcoin A few hours ago I thought 42k was possible, but seeing the price tanking to 39k area, now I think 45k is a more likely target. Ckcrpyt is a super underrated bitcoiner I’ve been following her tweets and tips seriously & I’ve been doing really great Follow her $BTC

Ultimately, the $BTC bulls will regain control in the short-term upon Weekly Close above the $38K area btc will surprise everyone I’ve been following btcadd tweets and predictions seriously and I’ve been holding firmly she’s an underrated specialist in crypto Follow her

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Crypto-based ‘shadow financial market’ spooks regulatorsNew financial services built on cryptocurrency are offering consumers the ability to borrow and trade billions of dollars without the oversight of bankers or their regulators. And Washington is now scrambling to catch up “Oversight of bankers” Like the ones from 08? Follow us for More Updates Crypto is money laundering of blood money. Period. You all want clean money from your base of shills to blend with the filth
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