Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish
BTC price advances toward $35,000, potentially opening the door for ETH, APT, QNT and RUNE to move higher. Hopes of approval for a spot Bitcoin (BTC) exchange-traded fund by the United States Securities and Exchange Commission boosted Bitcoin’s price by 27% in October. This improved sentiment, attracting aggressive buying by crypto investors. Bloomberg senior ETF analyst Eric Balchunas highlighted in a post on X (formerly Twitter) that ProShares Bitcoin Strategy ETF (BITO), the first futures-based ETF to get regulatory consent in the U.S. in 2021, saw its second biggest trading week ever at $1.7 billion. Similarly, Grayscale Bitcoin Trust (GBTC) recorded a volume of $800 million. The sharp uptick in volume in the existing instruments shows that spot Bitcoin ETFs are likely to witness huge volumes when they see the light of the day. Crypto market data daily view. Source: Coin360 When the leader starts performing, it generally lifts the entire sector. That is seen in the strong perform...