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<ul> 
 <li style="font-weight: 400">Bitcoin price achieves a new peak in 2023, soaring to $36,789.</li> 
</ul> 
Bitcoin price has <a href="https://coinstats.app/coins/bitcoin/">reached</a> a new 2023 high, reaching $36,789 on the Coinstats earlier today.&nbsp; 
<figure id="attachment_54706" aria-describedby="caption-attachment-54706" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class=" wp-image-54706" src="https://bitcoinworld.co.in/wp-content/uploads/Bitcoin-Price-Chart-3-440x300.png" alt="" width="537" height="339">
 <figcaption id="caption-attachment-54706" class="wp-caption-text">
 Bitcoin Price Chart | Source: <a href="https://coinstats.app/coins/bitcoin/">Coinstats</a>
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</figure> 
&nbsp; 
This spike is a significant milestone in the cryptocurrency’s current climb, demonstrating increased investor confidence as a result of the buzz around the rumored debut of spot-based Bitcoin exchange-traded funds (ETFs).&nbsp;&nbsp; 
The chances of an ETF being approved remain extremely strong.&nbsp; 
It was <a href="https://u.today/bitcoin-could-see-etf-approval-tsunami-analyst">reported</a> that Bloomberg Intelligence’s James Seyffart predicts a 90% possibility of such approvals by January 10, while hinting at a possible collective approval for present applications.&nbsp;&nbsp; 
Following Grayscale’s legal success, the SEC’s history of delaying judgments for corporations, including significant heavyweights like BlackRock and Fidelity, shows a planned setup for a series of Bitcoin ETF launches.&nbsp;&nbsp; 
Bitwise CIO Matt Hougan <a href="https://twitter.com/NateGeraci/status/1722423434523607334">feels</a> it has the potential to be one of the most successful ETF launches in history. He anticipates significant inflows of more than $50 billion within the first five years.&nbsp;&nbsp; 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 “I think it will be one of the most successful ETF launches of all time.” 
 Nice snippet here from <a href="https://twitter.com/Matt_Hougan?ref_src=twsrc%5Etfw">@Matt_Hougan</a> on the prospects for spot bitcoin ETFs &amp; the lackluster debut of ether futures ETFs. 
 via <a href="https://twitter.com/etfcom?ref_src=twsrc%5Etfw">@etfcom</a> <a href="https://t.co/q6QURezg6t">pic.twitter.com/q6QURezg6t</a> 
 — Nate Geraci (@NateGeraci) <a href="https://twitter.com/NateGeraci/status/1722423434523607334?ref_src=twsrc%5Etfw">November 9, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
Significant liquidations have swept the cryptocurrency market.&nbsp; 
According to <a href="https://www.coinglass.com/LiquidationData">Coinglass</a> data, 49,689 traders liquidated their positions in the last 24 hours, resulting in $148.42 million in liquidations.&nbsp;&nbsp;&nbsp; 
Read Also: <a class="row-title" href="https://bitcoinworld.co.in/bitcoin-surges-to-almost-37k-triggering-over-140-million-in-liquidations/" aria-label="“Bitcoin Surges to Almost $37K, Triggering Over $140 Million in Liquidations” (Edit)">Bitcoin Surges to Almost $37K, Triggering Over $140 Million in Liquidations</a> 
This volatility was not distributed fairly throughout the market, as indicated by the disproportionate quantity of short liquidations, which accounted for around 81.85% of total liquidations.&nbsp;&nbsp; 
Binance dominated the exchanges in terms of liquidation volume, closely followed by OKX, which also had the largest single liquidation order, worth $7.95 million.&nbsp;&nbsp; 
These liquidations highlight the high-risk nature of cryptocurrency trading once more. 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
The post <a href="https://bitcoinworld.co.in/bitcoin-price-reaches-yet-another-2023-high/">Bitcoin Price Reaches Yet Another 2023 High</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Bitcoin Price Reaches Yet Another 2023 High

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