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Bitcoin ETF

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<ul class="news-points"> 
 <li>Bitcoin reached a 16-month high, in contrast to the dollar dip and driven by speculations on an impending ETF approval.</li> 
 <li>Currently, Bitcoin is trading at a price of $33,851.25, exhibiting an appreciatory surge of 10.16% in one day.</li> 
 <li>The US Dollar Index declined to 105.51, following the fall of the US Treasury market.</li> 
</ul> 
Bitcoin (BTC), retaining its highest position in the world of cryptocurrencies, continues to garner attention among investors and enthusiasts. The speculations on the impending Bitcoin ETF approval remain a key contributor to Bitcoin’s price. 
On October 24, the U.S. dollar plummeted to one-month lows, following the surprising fall of the US Treasury market. Subsequent to Fed Chair Jerome Powell’s <a href="https://coinedition.com/us-fed-chair-says-recent-data-shows-progress-towards-economic-goals/">comment</a> on the influence of Treasury yields on tightened financial conditions and the lesser need for interest hikes, the market saw a surprising turn on Monday. 
Though the 10-year Treasury yield escalated more than 5% for the first time since 2007, it declined suddenly, reaching 4.83%, seriously impacting the value of USD. Losing over 0.5%, the US Dollar Index dwindled to 105.51 and closed at 105.60. 
In contrast, Bitcoin is on a positive track, …
The post <a rel="nofollow" href="https://coinedition.com/us-treasury-and-dollar-index-fall-bitcoin-reaches-16-month-high/">US Treasury and Dollar Index Fall: Bitcoin Reaches 16-Month High</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

US Treasury and Dollar Index Fall: Bitcoin Reaches 16-Month High

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