The possibility of a Bitcoin ETF causes the price to rise, and BTC now stands above $30,000

The price of Bitcoin (BTC) hit a high point of $30.442.35 seven days ago.

Bitcoin (BTC), the oldest and most valuable cryptocurrency in the world, broke through the $30,000 mark and stayed there. This was possible because buyers are more confident now that the US Securities and Exchange Commission (SEC) might approve the Bitcoin Spot ETF. The prices have gone up since the SEC decided not to fight the Grayscale ETF application. What remains to be seen is how long the most recent rise can last.

How Much Crypto Has Cost in the Last Week

The total volume of DeFi is $3.62 billion, which is 7.97% of the 24-hour volume of the whole market. When it comes to stablecoins, the total volume is $42.12 billion, which is 92.87 percent of the 24-hour market volume. CoinMarketCap says that the general market fear and greed index was "Neutral" with 55 points out of 100. This means that investors are a little more confident than they were last Monday.

At the time this was written, 51.27 percent of the market was in BTC.

BTC has hit a high of $30,442.35 on October 23 and a low of $27,278.651 in the last seven days.

For Ethereum, the high point was $1,676.67 on October 23 and the low point was $1,547.06 on October 19.

passage

Post time: Oct-23-2023
Get in Touch