The rise may finally have arrived, as the price of Bitcoin (BTC) has broken through the $34000 mark for the first time since May last year, rising by 14% in the past 24 hours, which is shocking.On October 23rd, the price of Bitcoin suddenly skyrocketed
The rise may finally have arrived, as the price of Bitcoin (BTC) has broken through the $34000 mark for the first time since May last year, rising by 14% in the past 24 hours, which is shocking.
On October 23rd, the price of Bitcoin suddenly skyrocketed. According to TradeView data, Bitcoin rose by more than 10% from $31000, slightly touching $34000, and then fell to the current $33349.
At the time of the sudden surge in Bitcoin prices, there has been renewed interest in the upcoming approval of spot ETFs, and the overall trading volume in the spot market has increased significantly.
This growth also comes at a time when BlackRock's proposed Bitcoin ETF spot related developments are underway.
On October 23rd, a post by investment giant BlackRock.
Johnson pointed out that investment giant BlackRock has obtained a specific "CUSIP" license and may start using cash to "seed" its spot ETF products as early as this month.
The sudden rise in prices is accompanied by a significant increase in Bitcoin spot trading volume. According to Coinmarketcap data, as of the time of writing, spot trading volume has increased to over $35 billion in the past 24 hours, an increase of 241% over the same period.
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