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