HomeBitcoinBitcoin has gone up...

Bitcoin has gone up a lot and is expected to go even higher because there might be a new approval for an ETF.

The biggest form of digital money, Bitcoin, is still doing really well. As more people become sure that the United States The government will say “okay” to many requests to trade Bitcoin, and because people are expecting the Federal Reserve to make a decision on interest rates, the price of Bitcoin has gone up a lot.

Bitcoin is currently being sold for $35,182. 27, which is 2. 31% more than it was yesterday. In the last month, the value of the cryptocurrency has gone up by more than 25%. At this time last year, the value of Bitcoin has gone up by 72%.

In the first two weeks of October, Bitcoin stayed strong despite ups and downs in the market, staying around $27,000. BTC rose above $30,000 after a false report that the Securities and Exchange Commission (SEC) approved BlackRock’s request for a Bitcoin spot ETF. The report was wrong because BlackRock said they did not approve it. However, Bitcoin started moving towards a positive trend after a small decrease.

Bitcoin’s price is going up because people think an ETF will be approved soon and believe that the Fed will keep interest rates steady for a while. Experts and fans are keeping a close eye on the market to see if a Bitcoin ETF will be approved.

Grayscale Investment’s research team said that more people seeing Bitcoin as a kind of “digital gold” is a big reason why its price is going up. The team said that Bitcoin is used as a money system that is not controlled by any government and is a digital alternative to gold.

The positive feelings about the market recently are not just affecting Bitcoin. Other cryptocurrencies like Solana (SOL) are also being affected, but not as much. As of now, SOL costs $42. 91, which is 12. 85% higher than before. ETH has gone up by 1. 77% and is trading at $1837. 58

Warning: This article gives information for learning and knowing only. This article is not giving any financial guidance or advice.

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