Bitcoin Breaks the $37,000 Barrier, Setting a New High for 2023
In a thrilling twist of events, Bitcoin enthusiasts rejoiced as the flagship cryptocurrency soared to new heights, breaking the $37,000 mark for the first time in six months.
The driving force behind this meteoric rise? There is an air of anticipation and excitement surrounding the potential approval of a Bitcoin Exchange-Traded Fund (ETF).
Bitcoin’s 3.5% Rise and Overnight Short Liquidation
This wasn’t just a gradual climb; Bitcoin leapt over the $37,000 milestone with an impressive 3.5% surge. According to Clara Medalie, head of research at crypto data provider Kaiko, the market witnessed a short liquidation overnight.
Well, it’s not just the upcoming halving, whales and small investors accumulating that are stirring this market optimist. The community is also abuzz with speculation about the positive impact of a potential Bitcoin ETF approval, creating a palpable sense of excitement in the crypto space.
