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Bitcoin Rising Again, Touched $35000 Mark, But How?

Bitcoin (BTC) Rising Again, Touched $35000 Mark, But How?

Bitcoin rockets back to $35,000 for the first time in over a year as prospects of an SEC-approved ETF reignite crypto market enthusiasm.

Bitcoin (BTC) has rallied back to the $35,000 mark for the first time since May 2022. The world’s largest cryptocurrency jumped over 10% on October 24, 2023, to hit its highest price in 16 months.

The dramatic price increase appears to be driven by growing optimism that the first Bitcoin spot exchange-traded fund (ETF) is nearing regulatory approval. An ETF provides mainstream investors with Bitcoin exposure without owning it.


The king crypto is back with a vengeance, serving notice to doubters. Bitcoin’s surge to $35,000 demonstrates it remains the alpha cryptocurrency with unrivalled name recognition and network effects. Further explosive upside could await in 2024 if an SEC-approved ETF opens the floodgates to institutional and retail investment.

Stay tuned to ANSG News for more educational content.

NFT, Crypto, Weeb3.0

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