Crypto Market Gains Momentum with ETF: Bitcoin Price Soars to New Heights in 2023!

  • The largest cryptocurrency by market value is trading at a price of $31,145 at the time of writing.
  • Bitcoin last exceeded $31,000 in May 2022. At the beginning of this year, it was trading below $17,000.
  • While the price of Bitcoin continues to trade above $31,000, BTC gains in June have exceeded 14%.

Bitcoin price surpasses $31,000 after a long time and reaches its yearly high; BTC recovers its losses from May.

Bitcoin Price Rises to $31,000


Bitcoin surpassed $31,000 and managed to rise to $31,431 thanks to the optimism of institutional investors regarding a high-profile ETF application and the launch of a new cryptocurrency exchange.

The largest cryptocurrency by market value is trading at a price of $31,145 at the time of writing. This represents an increase of over 3.5% in the past 24 hours and over 19% in the past seven days.

Bitcoin last exceeded $31,000 in May 2022. At the beginning of this year, it was trading below $17,000.

This rally is also boosting the rest of the crypto market: Ethereum, the second-largest crypto asset, is trading at $1,919 with a 1.6% increase in the past 24 hours. Bitcoin fork Bitcoin Cash has been the best-performing crypto asset in the past 24 hours, trading at $179 with a 32% increase; this cryptocurrency has gained over 60% in the past week.

Bitcoin’s Monthly Gains Increase

While the price of Bitcoin continues to trade above $31,000, BTC gains in June have exceeded 14%. Bitcoin experienced a loss of approximately 7% in May, but these losses were recovered in June. In January, BTC had an increase of approximately 40%, making a strong start to the year 2023.

bitcoin-returns

BREAKING NEWS

Bitcoin Surges to $114K as QWEN3 Leads AI-Model Funds with BTC-Only Long Strategy and Nearly 100% Returns

COINOTAG News, citing CoinBob, an on-chain AI analysis tool,...

Solana (SOL) Whale Sells 99,979 SOL for $18.5M, Cross-Chains to Ethereum to Buy 4,532 ETH

According to Lookonchain data reported by COINOTAG News Update...

Solana to Slash Validator Fees with Alpenglow Upgrade, Lower Admission Threshold, and Boost Bandwidth Ahead of 2026

COINOTAG News reports that Marinade Labs CEO Michael Repetny...

Bitcoin CVD Stabilizes After Sharp Sell-off, Glassnode Finds Selling Pressure Has Eased

According to an October 26 report, Glassnode observed that...

US and EU Sanctions Complicate Russia–US Relations, Peskov Says Restoration Won’t Happen Overnight

In a media briefing dated October 26, Kremlin spokesman...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img