Bitcoin jumps nearly 4.5 pc to $28,000 amid hopes on US ETF approval
The Statesman|October 17, 2023
Bitcoin jumped some 4.5% in morning hours of Monday amid hopes that a bitcoin exchange-traded fund (ETF) could get approved in the coming months.
Bitcoin jumps nearly 4.5 pc to $28,000 amid hopes on US ETF approval

The jump seemed to be a continuation of Friday’s reaction to the US Securities and Exchange Commission (SEC) decision to not appeal to a recent Grayscale ruling. It traded just under $28,000, reversing all losses over the past week.

The spike follows Sunday’s slight increase in Bitcoin’s price by 0.10% to $26,900. After the SEC’s approval of Grayscale’s bitcoin ETF, announced on Friday night, the cryptocurrency community looked excited.

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