Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

If Tether has $105B in its reserves, why is it raising cash?

15/10/2025

US Senate passes GAIN Act, prioritizing domestic AI and HPC chip sales

15/10/2025

Openledger and Uphold Shake Hands to Bring Institutional-grade trust and Liquidity to Decentralized AI

15/10/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Can Ethereum Price Form Historic Highs Following Bitcoin’s Recent ATH?

    14/10/2025

    Ethereum Hits Same Resistance Four Times – What Happens After Multiple Rejections?

    14/10/2025

    Trend Research Moves Over $640M in Ethereum to Binance as Selling Pressure Builds

    14/10/2025

    Ethereum price prediction as whales scoop 800k ETH in a week

    14/10/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    OhBaby Games NFT Mint Offers GameFi Bulls a Glimmer of Hope

    15/10/2025

    Crypto Community Mourns Passing of RTFKT Co-Founder Benoit Pagotto

    13/10/2025

    Pudgy Penguins waddle higher despite overall NFT sales slump

    12/10/2025

    Larva Labs Art Blocks Auction Surpasses $30,000

    11/10/2025

    If Tether has $105B in its reserves, why is it raising cash?

    15/10/2025

    US Senate passes GAIN Act, prioritizing domestic AI and HPC chip sales

    15/10/2025

    Openledger and Uphold Shake Hands to Bring Institutional-grade trust and Liquidity to Decentralized AI

    15/10/2025

    Stocks slide after lower than expected U.S. jobless claims

    15/10/2025
  • Blockchain

    Openledger and Uphold Shake Hands to Bring Institutional-grade trust and Liquidity to Decentralized AI

    15/10/2025

    Minima Collaborates with Fetch.ai to Add Data Integrity on Blockchain to Autonomous Agent Technology

    15/10/2025

    Kima Network Joins Humanode to Redefine Web3-Based Human Verification

    15/10/2025

    WINklink Collaborates With HoudiniSwap for Privacy-Preserving Technology to Power Secure, Reliable Oracles for DeFi Applications

    15/10/2025

    S&P Global Brings Stablecoin Risk Scores Onchain Through Chainlink

    15/10/2025
  • DeFi

    Societe Generale-FORGE and Bitpanda Expand Partnership to Bring Regulated Stablecoins to DeFi

    15/10/2025

    Regulated stablecoins in DeFi: bank-backed tokens and regulation

    15/10/2025

    Pi Network Rolls Out DeFi Testnet With DEX and AMM Features

    15/10/2025

    Perp DEXs thrive amid liquidation chaos, fees and volume spike

    15/10/2025

    Pendle unveils Agentic DeFi to make advanced yield strategies accessible to all

    14/10/2025
  • Metaverse

    Metaverse will revolutionize learning in the same way as Sesame Street

    10/10/2025

    Dogelon Mars Recent Metaverse Updates

    26/09/2025

    ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

    17/09/2025

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025
  • Regulation

    If Tether has $105B in its reserves, why is it raising cash?

    15/10/2025

    Stocks slide after lower than expected U.S. jobless claims

    15/10/2025

    On-Chain Asset Management Doubles in 2025, Reaching $35B: Keyrock, Maple

    15/10/2025

    Cloudflare Unveils U.S. Dollar Stablecoin for AI-Powered Internet Economy

    15/10/2025

    A Stablecoin That Can’t Be Frozen

    15/10/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    MiniPay Woos Freelancers with Stablecoin-Backed Virtual Dollar, Euro Accounts

    15/10/2025

    FTX Creditor Sunil Kavuri Explores SBF Psychology in New Podcast Episode

    15/10/2025

    Binance Wallet rolls out ‘Meme Rush’ for early token launches

    15/10/2025

    Why Lighter May Answer Ethereum’s PerpDEX Problem

    15/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    Axie Infinity Introduces New Community Bounties and Expands Axie Quest

    14/10/2025

    ‘Eve Frontier’ Jumps Ship from Ethereum to Sui—Here’s Why

    13/10/2025

    TrustyFi Joins Forces with R Games to Transform the Future of GameFi Transparency

    11/10/2025

    Tezos Shooter ‘Reaper Actual’ From EverQuest Co-Creator Enters Alpha Playtesting

    08/10/2025

    How $800 hardware can sniff Bitcoin miner traffic via satellite

    14/10/2025

    Abnormally Fast Bitcoin Block Production Puzzles Community

    14/10/2025

    Canaan rallies to a six-month high amid its new Bitcoin gas-to-compute data center

    14/10/2025

    A week-long 51% attack on the Bitcoin network would cost $6 billion, research reveals

    14/10/2025

    US Senate passes GAIN Act, prioritizing domestic AI and HPC chip sales

    15/10/2025

    India widens probe into unreported crypto income on Binance

    15/10/2025

    Rare-Earth Export Curbs Are Not Bans

    15/10/2025

    European Banking Authority Warns of Risks During Transitional Period

    15/10/2025

    If Tether has $105B in its reserves, why is it raising cash?

    15/10/2025

    US Senate passes GAIN Act, prioritizing domestic AI and HPC chip sales

    15/10/2025

    Openledger and Uphold Shake Hands to Bring Institutional-grade trust and Liquidity to Decentralized AI

    15/10/2025

    Stocks slide after lower than expected U.S. jobless claims

    15/10/2025
  • MarketCap
NBTC News
Home»Bitcoin»Bitcoin approaches $30k amid anticipations of ETF approval
Bitcoin

Bitcoin approaches $30k amid anticipations of ETF approval

NBTCBy NBTC16/11/2023No Comments4 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Bitcoin was once trailing below the $25 mark. The token has now surged to over $29k. It was last seen trading around $29,450.28 while drafting this post. This is an increase of 3.86% in the last 24 hours, and we hope that it will bounce back to the all-time high mark after the halving process.

BTC has a lot to do with the bullish sentiment and speculation that ETF approval is on the table for finalization by January 2024.

Recent Surge in Bitcoin Sparks Optimism

The most recent performance of BTC dates back to merely 24 hours. That duration has seen a considerable increase. On top of that, the jump is in the last 7 days as well, with the token rising by 9.74% at the time of articulating this piece. The weekly gain is only obvious for two main reasons: the Bitcoin halving is coming closer, plus there is a chance that Spot Bitcoin ETF could be approved by the beginning of the next year.

It will be specifically for the US, paving the way for the entire crypto community to take the hint and follow the trend. It will provide a more structured manner of investment and a regulated environment for traders to grow their portfolios.

Bitcoin Forks Surges: Spectacular Gains in 24 Hours

Bitcoin Cash (BCH) and Bitcoin SV (BSV), respectively, have seen tremendous rises. Bitcoin forks are up by 7.77% and 27.47% in the same order in the last 24 hours. The weekly gain is rather impressive. BCH is up by 15.72%, and BSV is up by 61.45%.

Sentiments are the same in market cap and trading volume. Bitcoin Cash is up by 6.07% in market cap and 42.76% in trading volume. Bitcoin SV has jumped by 28.44% in terms of market cap and 98.95% in volume. The Bitcoin price forecast shows similar momentum. Along with the king of cryptocurrencies, there is a strong possibility that both of them will rise further and reach a higher milestone by the end of 2023.

Bitcoin ETF Filings and Regulatory Pressure

There is pressure on the SEC to meet the rising needs of the crypto community. Its recent fallout in the lawsuit against Ripple has opened doors for ventures to get in and claim a seat. This was more evident when the House Financial Services Committee sent a letter to Gary Gensler. It highlights how he has politicized the SEC while failing to meet the requirement for recordkeeping.

Another allegation is that the standards were not documented when the verdict was announced.

Grayscale Bitcoin Trust Conversion

Also represented as GBTC, Grayscale Bitcoin Trust could soon be converted into an ETF. Assuming that happened, ventures like BlackRock, Fidelity, and WisdomTree could go after it and launch a similar product for the community.

Products like ETF aim to make crypto more accessible to a larger number of enthusiasts. The potential impact on a broader market will open up opportunities for clothes to come with their ETFs and boost crypto trading.

Market sentiment

Traders are optimistic about the ETF approval. This is based on the fundamental principle of offering a more structured role in investment. The fact that they will be in a regulated environment will only strengthen the confidence of existing and new traders alike.

Confidence among the community of traders for ETF approval is growing. The SEC has decided to review the Grayscale ruling, per the recent update. Chances are, it will make way for the approval and settlement of the lawsuit.

Conclusion

Bitcoin is reaching closer to the $30k mark, with a number of factors contributing to this surge. Bullish sentiments are evident, given that it is poised to bounce back to the all-time high value of $65k by the end of next year.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Price Breaks All-Time High Record Again – Here’s What We Know

04/08/2025

Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

04/08/2025

Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

04/08/2025

High-Stakes Consolidation Could Define Q3 Trend

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

If Tether has $105B in its reserves, why is it raising cash?

15/10/2025

US Senate passes GAIN Act, prioritizing domestic AI and HPC chip sales

15/10/2025

Openledger and Uphold Shake Hands to Bring Institutional-grade trust and Liquidity to Decentralized AI

15/10/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.