Bitcoin reached the highest figure in the last 6 weeks and managed to exceed 28 thousand dollars during the night hours. While the largest cryptocurrency was trading at $27,100, it rose by about $1,000 in just 15 minutes.
October, known as the âmonth of highsâ for Bitcoin, started quickly. The largest cryptocurrency rose above $ 28 thousand weeks later. #BTC , which rose from $ 27,100 to over $ 28,000 in just 15 minutes at night, seems to have managed to hold on to this level.
$70 million has been liquidated
This rise also caused investors with short positions in Bitcoin to liquidate a total of $ 70 million. Ethereum has also kept pace with Bitcoin and has risen above $ 1700.
ETF expectations?
Especially a fake news that came out yesterday brought a limited rise in Bitcoin. It was stated that Franklin Templeton company, which manages trillions of dollars, had approved the Bitcoin spot ETF application, but it later turned out that the news was not true.
However, it seems that the recent rise is not related to this news. Experts, although there are not many Bitcoin spot ETF prospects left for 2023, they definitely look at these approvals coming in 2024. This may also have brought an early pricing in the largest cryptocurrency.
The month of October, the month of ascensionâŠ
As it is known, October is also seen as a bullish month for Bitcoin. Bitcoin has only made negative returns in October twice since 2013. One of the most memorable of the October rises was the term ETF acceptance period in 2021. Bitcoin, which was hovering at about 40 thousand dollars at that time, showed very sharp rises in October and still reached an all-time high of 69 thousand dollars on November 10.
#crypto2023 #Binance #ETH
