Bitcoin price soars 10% to reach highest level in over a year
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Technology
October 24
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The price of Bitcoin surged by 10%, reaching its highest level in over a year, following news of the potential approval of a digital currency ETF (Exchange-Traded Fund).
The world's largest digital currency experienced a remarkable increase since the evening of October 23rd. From a price point of over $33,200, it swiftly climbed to over $33,600 per unit by early morning, even briefly touching the $35,000 mark at one point.
In just one night, this digital asset witnessed a 10% surge, marking its highest level since May 2022. This price range is where Bitcoin commonly traded before
What is the reason for the recent surge in Bitcoin's price?
A potential approval of a digital currency ETF.
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A new cryptocurrency was introduced.
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An announcement of Bitcoin's impending sale.
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When did Bitcoin reach its highest price in this recent surge?
Which other cryptocurrencies also saw positive price movements in this period?
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