Bitcoin [BTC] begins Q4 with a bang, but will the trend persist?

Messari’s report highlighted the fact that Bitcoin Inscriptions witnessed a major decline over the last 30 days. BTC’s price, however, kept moving up.recently sparked excitement in the crypto community as it gained bullish momentum. Not only did BTC’s price surge, but it also led the entire crypto market to kickstart a bull rally.

While that happened, we entered the first month of the concluding quarter of 2023. As the month comes to a close, Messari recently posted a report highlighting how the king of cryptos has performed during that period.talked about several key areas that remained a topic of discussion related to Bitcoin over the last month. For instance, BTC ETFs. The highly anticipated iShares Bitcoin Trust, a spot ETF by BlackRock, made its debut on the Depository Trust & Clearing Corporation website.

As per the report, this was a significant event because it was the first time a Bitcoin spot ETF had been listed on DTCC. Therefore, it suggests that spot ETF approval is becoming more likely. The aforementioned event acted as a key starter for a significant spike in the price of Bitcoin.Apart from this, the report also talked about the state of Bitcoin Ordinals. Unlike the coin’s price, this month Ordinals took a blow as its stats declined severely.

Thanks to the price uptick, BTC’s one-week price volatility also shot up in the recent past. Mentioning BTC’s presence in the social community, it was evident from the chart that, after a weeks-long wait, BTC’s social volume spiked right before its bull rally.Its price also touched the upper band on the Bollinger Bands. On top of that, Bitcoin’s Chaikin Money Flow registered a downtick, which can cause a trend reversal in the days to follow.Dipayan is a full-time journalist at AMBCrypto.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin: Expectations of a rally rise as BTC held across exchanges dipBitcoin holders are over the moon, so to speak, or at least hoping that the latest rally will rocket to the moon. A common phrase used for
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin miners cheer as BTC’s pump boosts profitBitcoin's hashprice jumped above $73/PH/Day, the highest in two months, as the king coin leaped to its yearly high of $35,000.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Bitcoin: Can liquidity hunt drive BTC to $36K?Bitcoin hit a new 2023 high of $35.2k after BlackRock recorded progress on its spot BTC ETF. Here's why $30k and $36k could be crucial.
Source: CryptoAmb - 🏆 22. / 68 Read more »

How Bitcoin’s revival to $35K can affect its upcoming movementThe price of Bitcoin [BTC] climbed above $35,000 again after the king coin lost hold on the region a few days ago. According to
Source: CryptoAmb - 🏆 22. / 68 Read more »

Cryptocurrency Stocks Extend Rally as Bitcoin Tops $35,000Shares of companies linked to cryptocurrencies advanced on Tuesday, as Bitcoin briefly surpassed $35,000.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Gold ETF performance suggests a Bitcoin ETF could see $14.4 billion in year-one inflowsAs investors prepare for the potential launch of a spot Bitcoin ETF, analysts reflect on the launch of gold ETFs to gauge what level of effect a BTC ETF will have on the market.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »