TL;DR
BTC’s Impressive Growth: Started 2023 at $16,500, now near $34,500, with a major mid-October surge.
Rumored SEC Approval: Speculation about the SEC approving BlackRock’s BTC ETF stirred the market; though a previous report was debunked, BTC’s listing with the Depository Trust & Clearing Corporation reignited hopes.
Positive Investor Sentiment: The overall bullish environment and potential ETF approval pushed the Fear and Greed Index to display “Greed.”
BTC Targeting $35K Once Again
The largest cryptocurrency by market capitalization has performed quite well since the beginning of 2023, especially over the past few weeks. BTC was trading at approximately $16,500 at the start of the year, while currently, it is worth around $34,500 (per CoinGecko’s data), representing a 110% increase.
BTC Price, Source: CoinGecko
It is worth mentioning that the asset’s rapid valuation spike occurred earlier this month. In mid-October, BTC was equaling less than $27,000, but ce
We współpracy z: https://cryptopotato.com/why-is-the-bitcoin-btc-price-up-today-4/
