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Bitcoin hits $35,000 for first time since 2022 on ETF buzz
![IndiaTimes]()
Wednesday, 25 October 2023
Bitcoin extended a rally fuelled by expectations of fresh demand from exchange-traded funds, reaching the highest price since May last year. The largest digital asset rose as much as 11.5% to top $35,000 before paring some of the gain to trade at $34,605, taking its year-to-date rebound from 2022's digital-asset rout to 108%. The possible approval in coming weeks of the first US spot Bitcoin ETFs is stoking speculative ardour for the token.
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