On the night from Saturday to Sunday, December 3rd, the prices of the first cryptocurrency rose above the $39,700 mark, reaching a yearly high.

At the time of writing this article, the price of digital gold has corrected to $39,400. Over the last 24 hours, the price has increased by 1.6%, according to CoinGecko data.

Most cryptocurrencies in the top 10 by market capitalization have entered the "green zone," with notable growth in Solana (+3.2%).

The total market capitalization of cryptocurrencies has surpassed the $1.55 trillion mark. Bitcoin's dominance in the dominance index stands at 53.2%.

Over the last 24 hours, positions worth $143 million were liquidated, according to Coinglass data. Of these, $30.4 million were from long positions, and $112.7 million from short positions. In this case, $36.5 million was lost in Bitcoin, and $33 million in Ethereum.

Earlier, analysts from Matrixport predicted that after the approval of the first spot Bitcoin ETF in the US, the price of the first cryptocurrency could rise in the range of $42,000 to $56,000.

According to experts from CryptoQuant, the introduction of this instrument could lead to an increase in the overall market capitalization of digital assets by $1 trillion. They believe that the price of digital gold could rise between $50,000 and $73,000.

It's worth noting that on November 24th, the price of Bitcoin exceeded $38,000, and on December 1st, the first cryptocurrency settled above $38,500.