After hints that the Bitcoin ETF could receive the green light from the US Securities and Exchange Commission (SEC), the price of Bitcoin (BTC) experienced a sharp jump of more than 28% in October, contributing to the rise of other cryptocurrencies, according to Polina Brotje, representative of Binance in Latvia and Estonia.
At the beginning of October, the price of BTC was 25,534 euros, which was close to the lowest point of the month. On the other hand, at the end of the month, the price already reached 32,760 euros, showing an unexpectedly rapid increase of 28.3%. The main reason for the rise was the anticipation of the approval of the Bitcoin ETF (Exchange Traded Fund), as on October 23 the NASDAQ clearing house registered the symbol IBTC, a necessary step before any new asset can start trading.
2023-11-02 09:29:23
#October #Crypto #Market #Review #Bitcoin #Breakthrough
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