Bitcoin trades above $30,000 to start the week as hopes grow over ETF

The price of bitcoin rose to start the week, extending gains from the previous week helped by optimism about a bitcoin ETF and a flight to safety.

Investors are expecting the approval of a bitcoin ETF to change that between the end of the year and the first half of 2024.rose to start the week, extending gains from the previous week helped by optimism about a bitcoin ETF and a flight to safety.. It has reached $30,000 at several points in 2023 but has struggled to make a sustained move higher, with the U.S. regulatory crackdown on crypto weighing on liquidity and trading volumes.r and the first half of 2024.

The moves began with about $100 million in liquidations that followed a false report about the BlackRock bitcoin ETF being approved. The volatility ended with the cryptocurrency's climb to $30,000 on optimism around updated ETF filings and comments from big wigs like BlackRock CEO Larry Fink and hedge fund managerGreco said the cumulative daily volume on centralized exchanges between Oct. 16 and Oct.

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