Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact
No Result
View All Result
Dinar Detectives - Iraqi Dinar Recaps from Dinar Guru and Intel
No Result
View All Result
  • Home
  • News
  • Dinar Guru
  • Video
  • Audio
  • Contact
Home Cryptocurrency

Bitcoin Climbs To 18-Month High Amid Blackrock’s ETF Speculation

October 26, 2023
in Cryptocurrency
Share on FacebookShare on Twitter

Bitcoin reached a near one-and-a-half-year high, surging almost 6% to $34,872 on Sunday, October 24, 2023. This increase was driven by speculation regarding Blackrock (NYSE:BLK)’s impending investment in Bitcoin for its forthcoming spot Bitcoin exchange-traded fund (ETF). The rise in Bitcoin’s value was preceded by a 10% rally in the cryptocurrency and a 4.5% uptick in Ethereum (ETH).

The crypto market has been showing signs of robust recovery throughout 2023. After facing significant challenges such as the Federal Reserve’s aggressive monetary tightening campaign, the Terra Luna crash, and FTX’s bankruptcy, Bitcoin managed to rebound to $31,000 in early July. It later stabilized around the $25,000 mark.

Investor optimism was rekindled after the SEC decided against appealing its loss to Grayscale Investments. This decision has led to heightened speculation that Blackrock will purchase Bitcoin this month as initial capital for its spot Bitcoin ETF.

The anticipated approval of a Bitcoin-backed ETF is expected to draw conservative investors into the crypto market through traditional stock markets. This could potentially stimulate new investments and boost demand.

Several companies are poised to benefit from this positive trend in the crypto market. NVIDIA Corporation (NASDAQ: NASDAQ:NVDA), a leading player in the semiconductor industry, is forecasting an earnings growth rate of 221.6%. Block Inc. (NYSE: SQ), an online digital and mobile payment platform, anticipates a growth rate of 69%. Coinbase (NASDAQ:COIN) Global Inc. (NASDAQ: COIN), a provider of financial infrastructure and technology for the global cryptocurrency economy, projects an earnings growth rate of 85.2%.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

https://www.investing.com/news/cryptocurrency-news/bitcoin-climbs-to-18month-high-amid-blackrocks-etf-speculation-93CH-3210725
Tags: “high“speculation”18-monthamidbitcoinblackrock’sclimbscryptocurrencyetf
Previous Post

Militiaman

Next Post

Clare

Related Posts

Frank26  

Frank26   

November 28, 2024
FRANK26 LIVE

FRANK26 LIVE

November 27, 2024
Frank26   

Frank26   

November 27, 2024
KTFA & Clare 09-11-2024

Frank26  

November 27, 2024
Frank26   

Frank26  [Post 2 of 2]

November 26, 2024
Frank26   

Frank26  [Post 1 of 2]

November 26, 2024

At Dinar Detectives, we provide daily dinar updates and dinar recaps, featuring insights from popular dinar gurus. Stay informed with our comprehensive coverage of the latest dinar chronicles and gain valuable insights from dinar guru opinions.

Links

  • Home
  • News
  • Video
  • Audio

Useful

  • Privacy Policy
  • Disclaimer
  • Resources

Investment Indicator
Dinar Tube
Crypto Recaps

  • Privacy Policy
  • Disclaimer
  • Resources

© Dinar Detectives. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
  • Dinar Guru
    • Judy Byington
    • MarkZ
    • Ninja
    • TNT
    • FRANK26
    • Bruce
    • KTFA
    • Mnt Goat
    • Pimpy
    • Militia Man
    • Nader
  • Video
  • Audio
  • Contact

© Dinar Detectives. All Rights Reserved