Market Surge
Bitcoin Surges 27% in October 2023 Amid ETF Approval Optimism
Bitcoin surged to a 17-month high in October 2023 driven by hopes of U.S. Bitcoin ETF approvals, with analysts predicting further gains toward $40,000. The total crypto market cap also rose significantly, reflecting strong investor sentiment.
Published at 2025-10-07 21:08:52
Bitcoin ETFs Get Approved: Major Surge in Cryptocurrencies
Major cryptocurrencies witnessed a strong surge following the approval of Bitcoin ETFs by U.S. regulators. With Bitcoin soaring past $47,500, other altcoins also benefited from the bullish sentiment. This marks a significant milestone as companies like BlackRock and Fidelity apply to establish these spot-based ETFs, finally overcoming previous setbacks from the SEC.
Published at 2025-05-06 20:03:47