Bitcoin Price Tops $43,000 -- WSJ

Dow Jones2023-12-06

By Vicky Ge Huang

The price of bitcoin climbed above $43,000 Tuesday--the highest level since April 2022, before the crash of a stablecoin started a litany of company failures and pummeled crypto prices.

Bitcoin was recenly up over 4% in the past 24 hours to $43,492, according to CoinDesk data. The price of ether rose about 3%, to $2,301.

Shares of Coinbase Global, the largest crypto exchange in the U.S., rose nearly 2%. MicroStrategy, a bitcoin-buying software intelligence firm, gained 3%. Bitcoin miners Marathon Digital and Riot Platforms were also trading higher.

Traders are betting that U.S. regulators will soon approve an exchange-traded fund that directly holds bitcoin. At least a dozen asset managers have pending applications to launch such funds, which could come to market as soon as January 2024.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

December 05, 2023 13:30 ET (18:30 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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The price of ether rose about 3%, to $2,301. \n\n\n  Shares of Coinbase Global, the largest crypto exchange in the U.S., rose nearly 2%. MicroStrategy, a bitcoin-buying software intelligence firm, gained 3%. Bitcoin miners Marathon Digital and Riot Platforms were also trading higher. \n\n\n  Traders are betting that U.S. regulators will soon approve an exchange-traded fund that directly holds bitcoin. At least a dozen asset managers have pending applications to launch such funds, which could come to market as soon as January 2024. \n\n\n \n\n\n  This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). \n\n\n \n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 05, 2023 13:30 ET (18:30 GMT)\n\n\n  Copyright (c) 2023 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.13","shortVersion":"4.35.13","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2389072209","isCrawlerRequest":true}