Bitcoin approaches $30k amid anticipations of ETF approval
The post Bitcoin approaches $30k amid anticipations of ETF approval appeared on BitcoinEthereumNews.com. Bitcoin was once trailing below the $25 mark. The token has now surged to over $29k. It was last seen trading around $29,450.28 while drafting this post. This is an increase of 3.86% in the last 24 hours, and we hope that it will bounce back to the all-time high mark after the halving process. BTC has a lot to do with the bullish sentiment and speculation that ETF approval is on the table for finalization by January 2024. Recent Surge in Bitcoin Sparks Optimism The most recent performance of BTC dates back to merely 24 hours. That duration has seen a considerable increase. On top of that, the jump is in the last 7 days as well, with the token rising by 9.74% at the time of articulating this piece. The weekly gain is only obvious for two main reasons: the Bitcoin halving is coming closer, plus there is a chance that Spot Bitcoin ETF could be approved by the beginning of the next year. It will be specifically for the US, paving the way for the entire crypto community to take the hint and follow the trend. It will provide a more structured manner of investment and a regulated environment for traders to grow their portfolios. Bitcoin Forks Surges: Spectacular Gains in 24 Hours Bitcoin Cash (BCH) and Bitcoin SV (BSV), respectively, have seen tremendous rises. Bitcoin forks are up by 7.77% and 27.47% in the same order in the last 24 hours. The weekly gain is rather impressive. BCH is up by 15.72%, and BSV is up by 61.45%. Sentiments are the same in market cap and trading volume. Bitcoin Cash is up by 6.07% in market cap and 42.76% in trading volume. Bitcoin SV has jumped by 28.44% in terms of market cap and 98.95% in…
The post Bitcoin approaches $30k amid anticipations of ETF approval appeared on BitcoinEthereumNews.com.
Bitcoin was once trailing below the $25 mark. The token has now surged to over $29k. It was last seen trading around $29,450.28 while drafting this post. This is an increase of 3.86% in the last 24 hours, and we hope that it will bounce back to the all-time high mark after the halving process. BTC has a lot to do with the bullish sentiment and speculation that ETF approval is on the table for finalization by January 2024. Recent Surge in Bitcoin Sparks Optimism The most recent performance of BTC dates back to merely 24 hours. That duration has seen a considerable increase. On top of that, the jump is in the last 7 days as well, with the token rising by 9.74% at the time of articulating this piece. The weekly gain is only obvious for two main reasons: the Bitcoin halving is coming closer, plus there is a chance that Spot Bitcoin ETF could be approved by the beginning of the next year. It will be specifically for the US, paving the way for the entire crypto community to take the hint and follow the trend. It will provide a more structured manner of investment and a regulated environment for traders to grow their portfolios. Bitcoin Forks Surges: Spectacular Gains in 24 Hours Bitcoin Cash (BCH) and Bitcoin SV (BSV), respectively, have seen tremendous rises. Bitcoin forks are up by 7.77% and 27.47% in the same order in the last 24 hours. The weekly gain is rather impressive. BCH is up by 15.72%, and BSV is up by 61.45%. Sentiments are the same in market cap and trading volume. Bitcoin Cash is up by 6.07% in market cap and 42.76% in trading volume. Bitcoin SV has jumped by 28.44% in terms of market cap and 98.95% in…
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