{"id":36881,"date":"2023-11-24T10:32:30","date_gmt":"2023-11-24T10:32:30","guid":{"rendered":"https:\/\/microloannexus.com\/investing\/bitcoin-rises-on-best-thanksgiving-since-2020-data-show-more-gains-may-come\/"},"modified":"2023-11-24T10:32:31","modified_gmt":"2023-11-24T10:32:31","slug":"bitcoin-rises-on-best-thanksgiving-since-2020-data-show-more-gains-may-come","status":"publish","type":"post","link":"https:\/\/microloannexus.com\/?p=36881","title":{"rendered":"Bitcoin Rises on Best Thanksgiving Since 2020. Data Show More Gains May Come."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000808171\">\n<div data-layout=\"wrap&#10;              \" data-layout-mobile=\"\" class=\"&#10;        media-object&#10;        type-InsetMediaIllustration&#10;          wrap&#10;  article__inset&#10;        article__inset--type-InsetMediaIllustration&#10;          article__inset--wrap&#10;    article__inset--lead&#10;  \">\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"&#10;        media-object-image&#10;        enlarge-image&#10;        img-wrap&#10;        article__inset__image&#10;      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\">\n<div style=\"padding-bottom:66.19718309859155%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\">Bitcoin prices have rallied by more than a third since early October amid calls of a new bull market.<\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Dreamstime<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/p><\/div>\n<p>\n        Bitcoin<br \/>\n      and other cryptocurrencies rose on Thursday, continuing the momentum that has delivered the largest digital asset its best performance into Thanksgiving since 2020. History says more gains could be coming.<\/p>\n<p>The price of Bitcoin rose 2% over the past 24 hours to $37,350, crossing back above $37,000 after a slide earlier this week following news that the CEO of Binance, the world\u2019s largest crypto exchange, had pleaded guilty to anti-money-laundering violations. Bitcoin remains shy of its recent peak near $38,000, but is holding on to the bulk of gains from a rally that has carried prices some one-third higher since early October, ending a long period of calm in crypto markets and spurring calls of a new bull run.<\/p>\n<div class=\"paywall\">\n<p>Indeed Bitcoin, up almost 17% in the month to Thanksgiving, according to Dow Jones Market Data, is seeing its best performance in the run-up to the holiday since 2020, when the token jumped more than 30% over the same period. In fall 2020, Bitcoin was in the early stages of a bull market that would eventually carry prices to their all-time high near $69,000 a year later. This time around, gains have largely been fueled by optimism that U.S. regulators will soon approve the first spot Bitcoin exchange-traded fund (ETF), which is expected to usher in a fresh wave of investor interest in cryptos.<\/p>\n<p>If 2020\u2014and history more generally\u2014is anything to go by, crypto bulls may have more to celebrate in the coming weeks. Three years ago, Bitcoin advanced a further 69% from Thanksgiving to the end of 2020, and, since 2010, the token has rallied an average 17% from before Black Friday to the New Year\u2019s bell.<\/p>\n<p>That\u2019s something to be thankful for.<\/p>\n<p>Beyond Bitcoin,<br \/>\n        Ether<br \/>\n      \u2014the second-largest crypto\u2014advanced 2% to $2,060. Smaller tokens or altcoins were also buoyant, with<br \/>\n        Cardano<br \/>\n      climbing 4% and<br \/>\n        Polygon<br \/>\n      popping 2%. Memecoins also rose, with<br \/>\n        Dogecoin<br \/>\n      and<br \/>\n        Shiba Inu<br \/>\n       up 2% each.<\/p>\n<p>Write to Jack Denton at jack.denton@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/bitcoin-thanksgiving-cryptos-binance-2a1bd29e?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin prices have rallied by more than a third since early October amid calls of a new bull market. Dreamstime Bitcoin and other cryptocurrencies rose on Thursday, continuing the momentum that has delivered the largest digital asset its best performance into Thanksgiving since 2020. History says more gains could be coming. The price of Bitcoin<\/p>\n","protected":false},"author":1,"featured_media":18656,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"class_list":{"0":"post-36881","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Rises on Best Thanksgiving Since 2020. Data Show More Gains May Come. | Micro Loan Nexus<\/title>\n<meta name=\"description\" content=\"Bitcoin prices have rallied by more than a third since early October amid calls of a new bull market. 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