Bitcoin’s Rise Towards $35,000 Rekindles Interest in Spot Bitcoin ETF Approval

After briefly surpassing $35,000 in the early hours of October 24th and then experiencing a slight pullback, Bitcoin (BTC) is once again heading towards this threshold. Current data indicates that the largest cryptocurrency is trading above $34,000, while the Bitcoin Trend Indicator shows that the price is moving within a significant upward trend, fueled by the expectation of approval for a spot Bitcoin ETF in the US. “Bitcoin Enters the Zero-Gravity Phase” Remark Draws Attention Asset management company Bernstein attributed the rally that pushed Bitcoin beyond the critical resistance level of $31,000 to the narrative of the approval of BlackRock’s spot Bitcoin ETF, listed as BITC in the Depository Trust & Clearing Corporation database. The post Bitcoin’s Rise Towards $35,000 Rekindles Interest in Spot Bitcoin ETF Approval appeared first on COINTURK NEWS.