Bitcoin's price rose above $41,000 on Monday, reaching levels not seen since before the collapse of the crypto stablecoin TerraUSD in May 2022.

Bitcoin has continued to show strength as the crypto market anticipates the approval of a spot bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) and looks toward the upcoming 澳洲幸运5官方开奖结果体彩网:Bitcoin halving event.

According to crypto derivative data analysis platform Coinglass, more than $109 million in Bitcoin short positions have been liquidated in the past 24 hours.

Meanwhile, gold also has reached an all-time high, above $2,115, in recent days. Bitcoin's fans sometimes refer to it as "digital gold" and argue it acts as a similar store of value over the long term. A positive 澳洲幸运5官方开奖结果体彩网:correlation between the two assets is꧒ often seen as an indication of Bitcoin's f♉urther adoption and development toward that goal.

On X (formerly Twitter), El Salvador President Nayib Bukele announced Monday that the country's Bitcoin holdings are now in the black in dollar terms. Bukele began purchases on behalf of 澳洲幸运5官方开奖结果体彩网:El Salvador near the peak of th🍰e previous bull market cycle in 2021.

"Of course, we have no intention of selling; that has never been our objective," Bukele said in the X posting Monday. "We are fully aware that the price will continue to fluctuate in the future, this doesn’t affect our long-term strategy."

Shares of crypto exchange Coinbase (COIN) rose more than 5% Monday, and Microstrategy (MSTR)—a technology company that, as of Nov. 29, allegedly held nearly 175,000—gained by 7% since Friday's close.