Bitcoin’s price went on the offensive once more in the past 24 hours and soared above $30,000 to chart its highest price point since July.The primary cryptocurrency dumped hard less than ten days ago when it slumped to $26,500 amid the ongoing war between Israel and Hamas. However, the tides started to change at the start of this week, especially after the fake report about an approved spot Bitcoin ETF in the States.
The asset skyrocketed by over $2,000 in minutes before it lost all those gains, as the report was proven to be false. Nevertheless, the bulls kept the pressure on and graduallyThis culminated yesterday with a price pump to around $30,300. This became BTC’s highest price point since mid-July. Despite losing some ground and currently sitting below $30,000, BTC is still up by 10% weekly, and its market cap is close to $580 billion.
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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
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