Bitcoin suddenly rockets past $34K as ETF excitement grows
The price of Bitcoin (BTC) quickly surged to $34,000 amid recent developments in the Bitcoin ETF space. Uptober may have finally arrived, with the price of Bitcoin (BTC) breaking through the $34,000 mark for the first time since May last year, marking a staggering 14% gain in the past 24 hours. The price of Bitcoin sudden ly spiked upwards on Oct. 23, with BTC gaining more than 10% from $31,000 to briefly touch $34,000 before settling down to a current price of $33,349 according to data from TradingView. The price of Bitcoin over the past two weeks. Source: TradingView The sudden uptick in price for Bitcoin comes amid a fresh wave of interest in upcoming spot ETF approvals and a significant increase in overall trading volumes across spot markets. Analyst Scott Johnson pointed out that investment giant Blackrock may soon begin the process of "seeding" their spot ETF product as early as this month. Bloomberg ETF analyst Eric Balchunas wrote that seeding an ETF is when ini...