Bitcoin (BTC) just punched through $38,000 to hit new highs for the year, with a near-term retest of $40,000 looking increasingly likely.
The world’s largest cryptocurrency by market capitalisation was last trading around $37,800 and with gains of around 1.5% on the day.
Despite the absence of most US market participants given the Thanksgiving holiday weekend, trading volumes are still elevated at over $21.5 billion so far for the session, above Monday’s $20.8 billion and Thursday’s $14.2 billion, as per Yahoo data.
The Bitcoin bulls have regained control of the market
