Bitcoin Surges to 1.5-Year High on Renewed Interest and ETF Speculation

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Cointime2023/10/24 03:24

By:Cointime

Bitcoin prices surged 15% to over $35,200 on Binance in the last 24 hours, reaching a 1.5-year high. The cryptocurrency has gained over 20% in the past week due to renewed interest in digital assets. The recent rally is attributed to growing speculation that regulators may soon approve a Bitcoin exchange-traded fund (ETF), with BlackRock said to have secured a specific license for this purpose. The decoupling of crypto from equity markets is also noted, as the SP 500 and Dow Jones fell in the last 24 hours while over 91,200 traders were liquidated in the past day.

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