> For the complete documentation index, see [llms.txt](https://tokenlon.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://tokenlon.gitbook.io/docs/docs.en/blog/whatsnew/market-update/2023/1024.md).

# 10/24 Market update：BTC Hits New 2023 High, Breaks $35K, Up 14% in 24 Hours

Bitcoin prices spiked 14% in 24 hours and surpassed $35,000 for the first time this year, stimulated by anticipation of a spot BTC ETF approval. ETH also successfully broke through $1,800. The crypto market cap grew by $81.4 billion over the past 24 hours.

This rally was mainly due to a tweet by Eric Balchunas, a senior ETF analyst at Bloomberg, stating that BlackRock's spot Bitcoin ETF had been added to DTCC under the ticker IBTC. This is seen as major progress towards the launch of a spot Bitcoin ETF.

Based on Coingecko market data, BTC has broken $33,000, now priced at $33,850.96. ETH on the other hand is now at $1,779.07. Both tokens rose 11.7% and 6.3% in 24h respectively.

<figure><img src="https://lh7-us.googleusercontent.com/IJTlyF0eRtirhYytJS_3VzgBFAZsvzKJ95zw_VVcVmoiT274y0JZHoq4m8XDrqwmCqYGTnosh_LGfg_f3sHrMZOKU9sP1rPdBeUWBPeJhTkJB_OEQxoaFuNbvNf6itDOIrpZR48gcefErc4_ucHeYdU" alt=""><figcaption><p>Coingecko</p></figcaption></figure>

Exchange your coins with Tokenlon in one click to keep up with price changes. Tokenlon currently supports trading for 128 tokens, with fees as low as 0.1% for ETH & WBTC, and 0.04% for stablecoins like USDT, USDC, DAI.

#### Note

Digital assets are highly volatile and unpredictable, do your research before trading.

#### Tutorial

[How to use Tokenlon instant swap](https://support.tokenlon.im/hc/en-us/articles/360037732371)

[How to use limit order on Tokenlon](https://support.tokenlon.im/hc/en-us/articles/7463636612116)

<br>


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