Bitcoin hits an 18-month high, reaching $35,981 in a strong bull run.
A large BTC whale moves 7,000 BTC to Bitfinex.
Bitcoin, the leading cryptocurrency by market capitalization, is currently experiencing a strong bull run. BTC reached an 18-month high on November 2, surging to $35,981, defying the persistent bearish trend that dominated it for nearly a year. October 2023 proved to be one of the most remarkable months for Bitcoin’s performance, with a nearly 28% increase, and the bullish momentum has continued into the current month.
While the crypto community celebrates the resurgence of bulls, the question arises about what drives this bullish trend. Many attribute it to the anticipation of Exchange-Traded Funds (ETFs) and the growing interest and updates from major asset management firms regarding ETF applications. But Traders also offer alternative perspectives, pointing to several factors, including the cautious stance of the Federal Open Market Committee (FOMC) and a lower-than
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