Bitcoin

<ul><li>In 2023, Bitcoin&#39;s impressive surge to $35,000 signifies a strong bullish momentum in the crypto market.</li><li>Institutional investors are keenly eyeing the crypto space, driven by the buzz around potential BTC ETF approvals in the US.</li><li>Current RSI levels in the Bitcoin market hint at overbought conditions, urging traders to tread with caution.</li></ul>In a significant development, <a href="https://cryptotale.org/?s&#61;Bitcoin" rel="noopener noreferrer nofollow">Bitcoin&#39;s</a> price has surged to a notable $35,000 for the first time in 2023, marking a 19% increase over the past week. Spot trading volume has seen a staggering 187% increase, now reaching $50 billion, highlighting the bullish momentum. Additionally, the market cap has grown by 13%, currently valued at <a href="https://coinmarketcap.com/currencies/bitcoin/" rel="noopener noreferrer nofollow">$666.5</a> billion. As the market displays signs of FOMO, institutional investors are capitalizing on this rally, driven by optimism surrounding a potential spot BTC ETF in the US.According to the analytics platform, Santiment, traders are currently exhibiting signs of Fear of Missing Out (FOMO) and a pronounced level of greed keywords. However, for sustained growth, a sense of Fear, Uncertainty, and Doubt (FUD) is essential, as historically, markets rise when least anticipated.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/09fd55b6d78b45098f886f1ed452f374.png" />Institutional investors are at the forefront of this rally. Their active participation is largely due to the <a href="https://www.reuters.com/technology/bitcoin-leaps-2023-high-etf-bets-2023-10-24/" rel="noopener noreferrer nofollow">optimism</a> surrounding the potential approval of a spot BTC Exchange Traded Fund (ETF) in the US. This enthusiasm was<a href="https://www.reuters.com/business/finance/blackrocks-bitcoin-etf-added-dtcc-file-aug-dtcc-spokesperson-2023-10-24/" rel="noopener noreferrer nofollow"> particularly</a> evident during the Asian trading hours on Tuesday, spurred by the revelation of a BlackRock ETF on the Depository Trust &amp; Clearing Corp. (DTCC) website.Read full article at <a href="https://cryptotale.org/2023s-crypto-landscape-bitcoin-hits-35000-as-institutions-eye-us-btc-etfs/" rel="noopener noreferrer nofollow">CryptoTale.</a>

2023's Crypto Landscape: Bitcoin Hits $35,000 as Institutions Eye US BTC ETFs

CryptoTale

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