This summary text is fully AI-generated and may therefore contain errors or be incomplete.
In the first week of December 2023, the value of Bitcoin experienced a significant increase, reaching its highest value for the year. This surge in value has led to a 20% increase in new users on the Bitget platform compared to the same period last year. Notably, 89% of these new users chose to invest in Bitcoin, demonstrating a clear interest and confidence in the cryptocurrency.
Furthermore, there has been a notable increase in copy trading on Bitget’s spot market, with a 23% increase compared to the previous month. This reflects the growing interest in Bitcoin and the trend towards investing in this cryptocurrency.
It is worth mentioning that the surge in Bitcoin purchases by new Bitget users is part of a broader context of growing interest in cryptocurrencies. This is evident from the doubling of Bitcoin-related searches on Google Trends during the same week.
The potential approval of Bitcoin exchange-traded funds (ETFs) in the United States is also contributing to the increased attention and interest in cryptocurrencies. If approved, ETFs could further democratize cryptocurrency investing and attract a broader segment of investors.
In addition to Bitcoin, there is also a growing interest in BRC20 tokens, particularly the BRC-20 Ordinals (ORDI) token. Trading volume in Bitget’s BRC20 Zone accounted for more than half of the total traded in November, driven by the ORDI token reaching a market value of over $1 billion.
Overall, the increasing acceptance of Bitcoin, combined with its limited supply and the trend of holding coins in long-term wallets, suggests that the cryptocurrency will continue to maintain its momentum and potentially experience a record surge in the coming year.