Bitcoin initiated another impressive leg-up in the past 24 hours that resulted in charting a new 19-month peak at $39,000.

Most altcoins followed suit, with SOL defending the $60 level, ETH remaining above $2,100, and ADA nearing $0.4.

BTC Tapped $39K

The business week started on a negative note as BTC slipped below $37,000 on Monday and failed to overcome that level on Tuesday morning. The situation started to change by the end of the day and, particularly on Wednesday, when it soared past $38,000 on a few occasions.

Choppy waters followed in the next few days until Friday arrived. The beginning of the last month of 2023 brought some more joy for the bulls, and bitcoin shot up by another grand and reached $39,000. This is a price tag the asset hadn’t seen since early May 2022.

Despite losing a few hundred dollars since then, the primary cryptocurrency stands close to that level, as the community anticipates a leg-up toward $40,000. These positive developments come after MicroStrategy’s latest multi-million dollar BTC purchase.