The price of Bitcoin has now surged to an 18-month peak, reaching $38,707 and marking a 2.5% increase. This recent upturn in the cryptocurrency's value can be linked to various significant factors, such as the positive outlook of influential investors and evolving economic circumstances. Will we see bulls driving up the price to 40k this weekend



The primary cryptocurrency has experienced a surge of over 130% since the beginning of the year. Renowned billionaire and cryptocurrency advocate Mike Novogratz got a optimistic outlook on Bitcoin's future. He highlights the expected endorsement of a spot Bitcoin ETF as one of the main driving forces behind this positivity in an Bloomberg interview this week.