Rally

Bitcoin

Spot

<p>The Bitcoin frenzy continues to grow, as evidenced by the significant increase in visits to its Wikipedia page. This trend, observed in the context of a surge in BTC prices and anticipation for the approval of Bitcoin Spot ETFs, requires an in-depth analysis.</p>
<h2 id="h-bitcoin-wikipedia-page-sets-a-record-for-visits-unmatched-since-june-2022">Bitcoin Wikipedia page sets a record for visits, unmatched since June 2022</h2>
<p>Bitcoin, often dubbed the ‘currency of the future,’ has seen a rapid evolution since its inception. Its growing popularity is evident in various indicators, among which the number of visits to its Wikipedia page stands out.</p>
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<p>According to <a href="https://www.theblock.co/post/260033/bitcoins-page-on-wikipedia-sees-highest-views-since-june-2022-amid-ongoing-rally?utm_source=telegram2&amp;utm_medium=social" target="_blank" rel="noopener noreferrer nofollow">data</a> provided by The Block, the Wikipedia page dedicated to Bitcoin experienced a surge, totaling nearly 13,500 visits on October 24. Such a level of interest hadn’t been seen since June 2022, marking a significant resurgence in interest for the flagship cryptocurrency.</p>
<p>This uptick coincides with two major events: a notable increase in BTC prices and rumors regarding the imminent approval of Bitcoin ETFs by the SEC.</p>
<p>Bitcoin crossed the $35,000 mark on October 23, recording a 13% increase over a week and almost 29% over a month. This bullish trend has likely contributed to arousing curiosity and attracting public attention.</p> 
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<p>According to Rebecca Stevens of The Block Research, <em>“the recent Bitcoin rally and the potential for a spot ETF are encouraging people to become more interested in this asset.’ ‘The renewed interest manifests more informally, for example, by increasing the number of people visiting Bitcoin’s Wikipedia page,</em>” she added.</p>
<h2 id="h-etfs-potential-catalysts-for-institutional-adoption">ETFs, potential catalysts for institutional adoption</h2>
<p>Discussions surrounding <a href="https://www.cointribune.com/en/etf-bitcoin-un-marche-prometteur-selon-galaxy-research-2/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Spot ETFs</a> are currently intense. Their approval could be pivotal for institutional adoption of the flagship cryptocurrency.</p>
<p>According to JPMorgan’s analysis by Nikolaos Panigirtzoglou, while the exact timeline for the approval of Bitcoin Spot ETFs remains unclear, a decision should be made in the coming months. Ark Invest and 21Shares, among others, eagerly await this approval, having set the deadline for their applications by January 10, 2024.</p>
<p>SEC validation of ETFs would be a significant step. It could not only boost interest in Bitcoin but also strengthen its legitimacy and adoption by institutional investors.</p>
<p>The rise in visits to the Bitcoin Wikipedia page is a clear sign of the growing interest in this digital currency. With prospects as promising as the <a href="https://www.cointribune.com/en/bitcoin-etf-verdict-de-la-sec-ce-mardi-2/" target="_blank" rel="noopener noreferrer nofollow">approval of Bitcoin Spot ETFs</a>, the future of the flagship crypto appears bright. It will be exciting to follow this momentum in the months ahead.</p>
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Surge in Wikipedia Views: Bitcoin in Full Rally Mode!

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