Bitcoin (BTC) exceeded $40,000 for the first time in 18 months on December 3 (US Eastern Time), and Ethereum (ETH) exceeded $2,200 as the overall market rose modestly.

According to data from CoinGecko, Bitcoin has been hovering around $40,000 for the past few days, but as of this writing, it has finally surpassed $40,000 and is trading around $40,130 (10:00 on the 4th, Japan time). As of 55 minutes, it is around $40,740). Ethereum hit $2,205, rising similarly in 24 hours.

Most other cryptoassets in the top 10 by market capitalization rose slightly, but Build and Build (BNB), which is associated with crypto exchange Binance, fell slightly (about 0.1%).

Bitcoin fell below $40,000 in April 2022, but dovish comments from the Federal Reserve and expectations that Bitcoin ETFs (exchange traded funds) will be approved in the US It seems like the price has been rising in recent months.

Similarly, Ethereum has not been above $2,200 since May 2022.

｜Translation/Editing: CoinDesk JAPAN Editorial Department
｜Image: CoinDesk