Price of bitcoin stays around $35K as ETH, APT, QNT, and RUNE become bullish.
The price of BTC is advancing towards the $35,000 mark, potentially opening doors for ETH, APT, QNT, and RUNE to ascend to higher levels. The hope for approval of a spot Bitcoin exchange-traded fund by the United States Securities and Exchange Commission has propelled Bitcoin’s price, registering a remarkable 27% surge in October. This boost in sentiment has attracted enthusiastic buying from cryptocurrency investors. Notably, Bloomberg’s senior ETF analyst, Eric Balchunas, made a noteworthy observation on X (formerly Twitter). He highlighted that ProShares Bitcoin Strategy ETF (BITO), the first futures-based ETF to gain regulatory consent in the U.S. in 2021, recently experienced its second most significant trading week ever, with a total volume of $1.7 billion. Similarly, Grayscale Bitcoin Trust (GBTC) saw a substantial trading volume of $800 million. This surge in trading volume for existing instruments hints at the substantial potential for spot Bitcoin ETFs when they ...