Bitcoin (BTC) Price on Brink of $40,000

Bitcoin, the largest cryptocurrency by market capitalization, surpassed the $39,000 mark in Saturday trading, reaching new yearly highs of $39,753 around where it currently trades. Bitcoin (BTC) was up 1.89% in the last 24 hours to $39,459, a level it last traded at in April 2022, at the time of writing.

Bitcoin has more than doubled in price in 2023, rebounding over 134% from the crypto rout of 2022, outperforming investments such as stocks and gold.

Against this backdrop, Bitcoin proponent Max Keiser predicts an all-time high (ATH) coming in for Bitcoin. "New ATH for BTC on this pulse, $220,000 in play," Keiser stated in a tweet.