Bitcoin coins are seen at a stand during the Bitcoin Conference 2023, in Miami Beach, Florida, U.S., May 19, 2023.
REUTERS/Marco Bello/File photo Acquire Licensing RightsDec 3 (Reuters) - Bitcoin hit $40,085 on Sunday, its highest in almost a year and a half, fuelled by bets that U.S. regulators will soon approve stock-market traded bitcoin funds.
Bitcoin was up 1.55% at 2234 GMT, adding $611 to its previous close.
Bitcoin, the world's biggest and best-known cryptocurrency, is up 51.1% from the year's low of $26,533 on Oct. 11.
Their downfall caused havoc in crypto markets and sparked the bankruptcy of some high-profile companies in the crypto sector.
Persons:
Marco Bello, Bitcoin, Nilutpal, Lisa Shumaker
Organizations:
REUTERS, Thomson
Locations:
Miami Beach , Florida, U.S, Bitcoin, Bengaluru