Analytical Reviews

Bekommen Sie die neuesten wirtschaftlichen Nachrichten von ForexMart, einschließlich Updates aus Finanzmarkt, Zentralbankpolitiksankündigungen, finanzielle Indikatoren und andere relevante Nachrichten, die die Branche beeinflussen können.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Bitcoin exceeded $35,000 in the wake of the excitement around the ETF


October, 24 2023
watermark Economic news

Bitcoin briefly reached $35,208 today, after which it lost some in price and is now trading around $34,470. Over the year, the world's largest cryptocurrency has risen in price by 108%. The Ether token has increased in price by more than 8% over the past day, reaching a two-month high. 


In the course of bitcoin's growth, the shares of enterprises involved in the cryptocurrency also demonstrate a confident upward movement. The Coinbase Global exchange, the mining Marathon Digital, the MicroStrategy crypto fund also rose in price on October 23 and continued to grow after the close of trading in the United States.


Bitcoin managed to update one-and-a-half-month highs amid expectations of the imminent launch of bitcoin ETFs in the United States, as well as due to increasing tensions in the Middle East. 


The day before, the US Federal Appeals Court approved Grayscale Investments' application to create a spot asset, despite objections from the US Securities and Exchange Commission (SEC). Earlier, the SEC rejected the idea of an ETF with direct investments in bitcoin, citing the threat of fraud and market manipulation. 


Yesterday it also became known that the Depository Trust & Clearing Corporation, which processes settlements related to transactions on Nasdaq, conducted a listing of an investment instrument (bitcoin-iShares spot Bitcoin ETF) developed by BlackRock. Adding a bitcoin ETF to the Nasdaq partner platform means that the exchange is preparing to launch iShares spot Bitcoin trading, most likely under the IBTC ticker.


The escalation of the Middle East conflict provides additional support to the crypto market. Analysts note that geopolitical risks stimulate demand for scarce assets such as gold and bitcoin.


hinterlassen

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at Shamrock Lodge, Murray Road, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2024 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.