Bitcoin Price Exceeds $41,000 to Reach 19-Month High

Bitcoin's price surpassed $41,000 on Monday, after falling below $38,000 over the weekend.

The present price is the highest for the cryptocurrency since April 2022, before the collapse of crypto stablecoin TerraUSD.

Over the last several days, more than $120 million in Bitcoin short positions have been liquidated.

Gold, which some compare to Bitcoin as a store of wealth, hit an all-time high on Sunday.

Coinbase and Microstrategy, two crypto-focused firms, gained substantially on Monday.

El Salvador President Nayib Bukele stated Monday on X (previously Twitter) that the country's Bitcoin holdings are now in the black in dollar terms.

 Bukele began purchasing on El Salvador's behalf around the end of the previous bull market cycle in 2021.

"Of course, we have no intention of selling; that has never been our goal," Bukele stated in a Monday X posting.

"We are fully aware that the price will continue to fluctuate in the future, this doesn't affect our long-term strategy."

Coinbase (COIN) shares increased more than 5% on Monday, while Microstrategy (MSTR)—a technology business that purportedly possessed approximately 175,000 as of Nov. 29—has risen 7% since Friday's closing.

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