2023-11-01 10:05:47
Recently, the number of visitors to the bitcoin article on Wikipedia reached a new high, surpassing the highest level since June 2022. Some say it may have something to do with the bull market of the past week and the rumors surrounding the approval of the Bitcoin spot ETF. On October 24, the Bitcoin Wikipedia article had 13,490 views, which is a particularly strong number. According to Rebecca Stevens, an analyst at The Block Research, the recent week’s surge in the price of bitcoin and the approval of the Bitcoin spot ETF has piqued the interest of many less familiar investors and they are looking to see what Bitcoin is all regarding. The Bitcoin exchange rate is facing a very exciting period. Let’s not forget that since May 2022, the bitcoin exchange rate crossed the $35,000 level for the first time on October 23. This also means that the price of BTC has increased by almost 30% in the last month. Meanwhile, everyone is watching for January 10, 2024. This is the deadline for the US Securities and Exchange Commission (SEC) to review Bitcoin spot ETF applications submitted by Ark Invest and 21Shares, among others. Optimism is especially high, no wonder so much capital flowed into cryptocurrency investment products last week than at any time since July 2022. The value of the inflow exceeded 326 million dollars, of which bitcoin alone accounted for 295 million dollars. The influx was particularly prominent in Canada and Germany, while waiting is more typical in the United States. According to well-known and respected cryptoanalyst Michaël van de Poppe, bitcoin is now clearly in a bull market. And even $50,000 is not out of reach in the near future, even before the halving. After that, there will be a slight decline, according to your X-post, following which even historic highs may come. Along with several analysts, he believes that the largest cryptocurrency is now building a stable range in its price. That is, there may be some decline up to 33 thousand dollars, but the rebound will definitely come from there.
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