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Bitcoin doubles for 2023, tops $35,000 - TL;DR CNBC

Bitcoin doubles for 2023, tops $35,000

Publishing timestamp: 2023-10-24 16:46:54


Summary

The price of bitcoin briefly surpassed $35,000 for the first time since May 2022. This was driven by positive sentiment about a potential bitcoin exchange-traded fund and a flight to safety. Short liquidations also contributed to the price increase. The rally in bitcoin also lifted the rest of the crypto market, with other cryptocurrencies and crypto equities experiencing gains. There is hope that a bitcoin ETF may be approved in the near future.


Sentiment: MIXED

Tickers: SOL.CM=MATIC.CM=BTC.CM=BLKXRP.CM=COINGBTCRIOTETH.CM=MSTRMARA

Keywords: breaking news: marketsmicrostrategy inccoinbase global incripple/usd coin metricsinvestment strategybitcoin/usd coin metricspolygon/usd coin metricsexchange-traded fundsblackrock incbreaking news: investinglawsuitstechnologygrayscale bitcoin trust (btc)lawsbusiness newsmarketsmarathon digital holdings incbreaking news: technologyriot platforms inccryptocurrencysolana/usd coin metricsethereum/usd coin metrics

Source: https://www.cnbc.com/2023/10/24/bitcoin-crosses-34000-to-the-highest-since-may-2022-on-etf-hopes.html


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