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Bitcoin Jumps 14% to 2-1/2 Year High on Speculation of U.S. Approval of Bitcoin ETF

Bitcoin Jumps 14% to 2-1/2 Year High on Speculation of U.S. Approval of Bitcoin ETF

CointimeCointime2023/10/24 00:51
By:Cointime

Bitcoin surged by 14% to reach a 2-1/2 year high of $34,283 in early Asia hours on Tuesday, amid speculation that the US may approve a bitcoin exchange-traded fund. The cryptocurrency was last up by 10% at $33,030, while its smaller rival, ether, rose by 6% to $1,763. The news has sparked interest among investors, who are closely watching the developments in the cryptocurrency market.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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