Bitcoin Price Surges Towards $40K, Boosting Sentiment in Top Cryptos
TL;DR Summary
Bitcoin's price surge towards $40,000 is boosting sentiment in altcoins such as Kaspa (KAS), THORChain (RUNE), Mantle (MNT), and Render (RNDR). Bitcoin's trajectory remains upward, with expectations of a spot Bitcoin exchange-traded fund (ETF) approval by the United States Securities and Exchange Commission (SEC) in January. Traders should be cautious of a potential sell-off after the initial reaction to the ETF approval. Technical analysis suggests bullish targets for Bitcoin, while altcoins like KAS, RUNE, MNT, and RNDR show signs of consolidation and potential uptrends.
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