Will Bitcoin Futures ETFs Crumble After Spot ETF Approval? Interview With ProSharesDisclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission.Source: Adobe StockAs Bitcoin (BTC) surged passed $38,000 in November, the ProShares Bitcoin Strategy ETF (BITO) has tapped a new all-time high for assets under management (AUM).On Tuesday, the fund’s Bitcoin futures contracts reached a record $1.47 billion in value. That’s up from $1.1 billion at the start of the month, and $544 million at the start of the year.“The flows have been really strong,” said Simeon Hyman, Global Investment Strategist at ProShares, to CryptoNews in an interview. “It hasn’t all been [BTC] appreciation, there have been very strong inflows.”As of November 30, BITO has absorbed $470.9 million in net flows year-to-date. It’s also averaged $160 million in daily trading volume, putting it in the top 5% of all U.S. ETFs.November was one of the fund’s best-performing months aside from its inception in October 2021, when it became the first Bitcoin ETF to launch in the United States. It marked its previous all-time high AUM at $1.44 billion just weeks later on November 10, when BTC itself reached its all-time high of $69,000.Ironically, both BTC and BITO’s stellar performance has been largely driven by growing excitement for a U.S. Bitcoin spot ETF – a theoretical competitor to BITO in the arena of institutional Bitcoin investment options.As of Friday, Bloomberg ETF analysts expect a simultaneous approval of several ETFs from BlackRock, Ark, Fidelity, and others in early JanuaryUnlike BITO, a spot ETF would back its respective shares with actual BTC rather than futures contracts, allowing for a more direct form of exposure.According to Hyman, BITO’s total return for investors is 115% year-to-date. By comparison, shares for the Purpose Bitcoin CAD ETF – a Bitcoin spot ETF in Canada – are up 127% this year, while BTC itself has risen 133%.

Crypto NewsAllCryptonews Blockchain News Pro-Bitcoin Senator Lummis Explains Why Crypto Is Not The Problem On Terrorist Financing1 November 2023 12:37 EDT . 2 min readAndrew Throuvalas@andrew-throuvalasPro-Bitcoin Senator Lummis Explains Why Crypto Is Not The Problem On Terrorist FinancingSen. Cynthia Lummis (R-WY). Source: Sen. Cynthia Lummis’ websiteU.S. Senator Cynthia Lummis (R-WY) corrected the record on crypto and terror financing on Tuesday after calling for crackdowns on crypto firms supporting sanctioned groups just days earlier.In a post to Twitter, the Bitcoin-supportive politician highlighted how crypto’s share of illicit financial activity worldwide is nearly invisible next to all financial crime put together.“Meticulous reporting by Chainalysis found that crypto assets account for just $20 billion, less than 1% of the more than $2 trillion in global illicit finance activity every year,” wrote Lummis.Last Thursday, Lummis co-signed a letter to US Attorney General Merrick Garland calling for charges against Binance, a major offshore crypto exchange on which over 100 accounts have been associated with Hamas terrorists since 2021.The senator also called for investigations into stablecoin issuer Tether, which she said is “well known for knowingly facilitating violations of applicable sanctions laws.” While urging action where appropriate, she stressed that not all crypto firms should be cast with the same non-compliant brush.The False Crypto Terror ReportThe senator’s statements come on the back of a recent letter to the White House signed by over 100 members of Congress, asking the administration to clarify and establish its efforts to reign in blockchain-based terrorist financing.The letter cited a report from the Wall Street Journal earlier this month that claimed Hamas terrorists had raised nearly $100 million using crypto over the past few years, of which cited data from blockchain forensics firm Elliptic.Elliptic later released a report stating that there is “no evidence to support the assertion that Hamas has received significant volumes of crypto donations,” and that the Wall Street Journal had misinterpreted its data.While the financial outlet has since corrected its statements, Senator Elizabeth Warren (D-Mass) – a notorious crypto cynic – has only doubled down on her criticisms.“It’s not about one report,” Warren told PunchBowl News on Monday. “It’s about the whole structure of crypto that attracts some of the worst people around the world to move value around in a way that they cannot do through the ordinary banking system.”In her Tuesday post, Lummis referenced a Cato Institute report about how the “anti-crypto community” tends to scapegoat crypto assets for illicit financial activity. She stated:

you’re looking for Sui price predictions/forecast for 2023, 2024, 2025, 2030 and want to know where the prices of Sui (SUI) will go in the future? We will analyze the past prices of Sui (SUI) and will found out what experts are saying about its future price actions.Please keep that in mind you need to take this prediction and every other prediction with the intention that this is only the suggestion of some market expert/analysts.Sui Past Price AnalysisAccording to the latest data gathered, the current price of Sui is $0.38 and SUI is currently ranked #88 in the entire crypto ecosystem. The circulation supply of Sui is 860,392,960 with a marketcap of $325,524,177.In the past 24 hours, the crypto has been decreased by 0.52% in its current value. If we compare the current market cap of the SUI with yesterday’s, you can see that the market cap is also down.Sui is facing a hard time getting on board with other crypto coins. The SUI is down to almost -8.19% in the last 7 days. The coin is still showing risking framing segments for past few days, the coin might have strong fundamentals but, we don’t think that it would a profitable asset in short term.Sui (SUI) Price Prediction/Forecast for 2023, 2024, 2025 and 2030At PricePrediction.Net we predict future Sui price predictions/SUI forecast by applying deep artificial intelligence-assisted technical Analysis on the past price data of Sui. We do our best to collect maximum historical data for the SUI coin which include multiple parameters like past price, Sui marketcap, Sui volume and few more. If you are looking to invest in digital cryptocurrencies and want good return on your investments, make sure to read our predictions.Sui Price Prediction 2023As per the forecast and technical analysis, In 2023 the price of Sui is expected to reach at a minimum price value of $0.68. The SUI price can reach a maximum price value of $0.76 with the average value of $0.70. Read MoreSui Price Prediction 2024According to our deep technical analysis on past price data of SUI, In 2024 the price of Sui is predicted to reach at a minimum level of $0.98. The SUI price can reach a maximum level of $1.17 with the average trading price of $1.02. Read MoreSUI Price Forecast for 2025Sui price is forecast to reach a lowest possible level of $1.45 in 2025. As per our findings, the SUI price could reach a maximum possible level of $1.71 with the average forecast price of $1.49. Read MoreSui (SUI) Price Prediction 2026Sui price is forecast to reach a lowest possible level of $2.11 in 2026. As per our findings, the SUI price could reach a maximum possible level of $2.52 with the average forecast price of $2.19. Read MoreSui Price Prediction 2027The price of Sui is predicted to reach at a minimum value of $3.23 in 2027. The Sui price could reach a maximum value of $3.67 with the average trading price of $3.34 throughout 2027. Read MoreSui Price Prediction 2028The price of Sui is predicted to reach at a minimum level of $4.76 in 2028. The Sui price can reach a maximum level of $5.62 with the average price of $4.89 throughout 2028. Read MoreSui (SUI) Price Prediction 2029The price of 1 Sui is expected to reach at a minimum level of $6.33 in 2029. The SUI price can reach a maximum level of $8.02 with the average price of $6.58 throughout 2029. Read MoreSui Price Forecast 2030According to our deep technical analysis on past price data of SUI, In 2030 the price of Sui is forecasted to be at around a minimum value of $9.32. The Sui price value can reach a maximum of $11.04 with the average trading value of $9.65 in USD. Read MoreSui (SUI) Price Prediction 2031The price of Sui is predicted to reach at a minimum value of $13.64 in 2031. The Sui price could reach a maximum value of $16.47 with the average trading price of $14.02 throughout 2031. Read MoreSui Price Prediction 2032As per the forecast price and technical analysis, In 2032 the price of Sui is predicted to reach at a minimum level of $19.28. The SUI price can reach a maximum level of $23.68 with the average trading price of $19.9

The XRP price has gained by a very slight 0.2% in the past 24 hours, as speculation emerges that Ripple is preparing for a possible initial public offering in the US.Such rumors emerged after observers noticed a job posting on Ripple's website for a Shareholder Communications Senior Manager, a role which would imply that the cryptocurrency firm is seriously planning for an incoming IPO.This would be big news for XRP, although the altcoin has barely moved today, with its current price of $0.489862 also representing a 0.5% rise in a week.Yet given how unjustifiably oversold the altcoin has been recently, it's likely to make a big recovery soon enough.XRP Price Prediction as Rumors Emerge of Possible Ripple IPO – Could XRP Reach $100?XRP remains in a weakened position as far as its indicators are concerned, yet the flipside of this is that it's becoming increasingly likely that a rebound will follow soon.For one, its 30-day exponential moving average (yellow) dipped below its 200-day average (blue) more than a week ago, with the distance between the two now suggesting it's due to rise again.It's a similar thing with XRP's relative strength index (purple), which remains close to 40, another sign that the coin has been sold too much recently and is selling at a discount compared to recent levelsIn other words, XRP's discounted price should make it more attractive to buyers, who are likely to swoop in sooner or later to take advantage of its low price.It's also worth pointing out that its support level (green) has been rising modestly in recent weeks, implying that it may have bottomed out and is now ready to mount a recovery.Of course, such a recovery is dependent on some positive spark, with the news of Ripple's IPO-related job listing having little effect right now on demand for XRP.Still, what this posting indicates is that Ripple isn't far away from announcing its own US-based IPO, and when it does, XRP is going to surge.This means that now is probably the perfect to buy XRP cheap, before it returns to $0.60 or higher.In the longer term, it's going to exceed such prices, with an IPO likely to give Ripple the resources and backing to expand its business more aggressively.This can only be good for XRP, which is used as part of Ripple's core cross-border transfer business.For this reason, XRP can be expected to reach $1 again in the first few months of next year, before potentially rising towards $2 in the months that follow, especially if crypto enters another bull market.

The market for nonfungible tokens (NFTs) might be struggling during this "NFT Winter," but there are signs of life if you know where to look.Headlines predicting the death of Bitcoin are nothing new. Over the past decade, we’ve seen every permutation of why “Bitcoin is dead” imaginable, yet the current crypto winter has brought very few of these dire proclamations. It seems a little different this time. Maybe it’s hard to pen such a eulogy with Bitcoin BTCtickers down$28,490 hovering around $28,000, and a spot Bitcoin ETF on the horizon. Doesn’t seem like Ethereum’s dead either.But the blockchain industry and its commentators still need a corpse to poke at, and that’s what they’ve found with the putrid cadaver that is the nonfungible token (NFT) market.Yet that should not be surprising to anyone who’s been in crypto for a few cycles. Most of the ICO tokens from the 2017 bull market vintage were dead by the 2018/19 winter. Likewise, the countless DeFi protocol tokens post-DeFi-summer of 2020. Today, more than 1.8 million tokens have an aggregate market cap of a little more than $1 trillion. But the top 10 largest protocols and tokens account for over 93% of the total.Do the math. That’s a long, long tail of worthless zombie coins. The vast majority of all tokens die. So why should NFTs be any different?The barrier to entry to create an NFT project in the hope of striking it rich was (and remains) low. Anyone can, and seemingly did, create an NFT collection in a few minutes with a few keystrokes.So what happened when a frenzy of trading activity and money flooded into this new corner of the crypto market in mid-2021? The free market responded exactly how it was supposed to: it provided supply. And supply ≠ quality, especially in this industry.We’ve seen the same cycle again and again, this just happens to be the first real NFT winter.A-listers have quietly taken their NFT Twitter avatars down. Jimmy Fallon isn’t shilling apes with Paris Hilton on late-night TV. Ashton Kutcher’s Stoner Cats has settled with the Securities and Exchange Commission (SEC). A collective sense of embarrassment abounds.NFT trading volumes have collapsed, from around $1 billion a week in mid-2021 to early-2022, to sub-$100 million It’s bleak. But, as I said back in October 2021 about NFTs, “Peaks and troughs are nothing new, it's what emerges from them which is what's worth paying attention to.”For those curious and open-minded enough to look beneath the surface of the “NFTs are dead” generalization prevalent today, there are signs of life amidst the rubble.In September, news emerged that PayPal filed a patent application in March surrounding an NFT purchase-and-transfer system.Pudgy Penguins continues to expand into physical toys, first selling on Amazon in March and recently expanding to 2,000 Walmart stores across the U.S. (Disclaimer: I own a fat penguin jpeg.)Doodles have collaborated with casual footwear brand Crocs in a similar effort to merge the physical and digital, with a likewise similar collaboration between Gary Vee’s Veefriends and Reebok.At a concert over the summer, Harry Styles fans could download an app featuring a self-custodial digital wallet for future NFT rewards. Meanwhile, Justin Bieber is collaborating with a blockchain music platform to turn a song into an NFT with royalty streams to the NFT holders.The top auction houses continue to bring mainstream artists into the NFT world, Keith Haring with Christies for example, and Sotheby’s partnering with Ledger to offer a co-branded Ledger Nano X (hardware wallet) for buyers of premier digital art.If you keep looking you’ll find more and more signs of life, because NFTs are not “dead.”The fundamental technological primitive of what NFTs are and what they offer will not “die,” any more than blockchain will “die.” They will simply continue to evolve while the weak hands, weak teams, scams, copycats, and fast money fade into history, another footnote from another crypto cycle.As we transition from this NFT winter into a new season, expect to see NFT projects that are more sophisticated and commercially viable, enriching the ecosystem in new and meaningful ways.

Bitcoin.comDownloadBitcoin Automatic Teller MachinesBitcoin ATMsBitcoin ATM mapWhat is a Bitcoin ATM?A Bitcoin ATM (Automated Teller Machine) is a kiosk that allows people to buy and sometimes sell Bitcoin and other cryptocurrencies using cash, credit, or debit cards. It operates similarly to a traditional ATM, but instead of depositing or withdrawing cash, it allows users to either purchase Bitcoin which can be sent to a Bitcoin wallet such as the Bitcoin.com Wallet app or, in the case of some Bitcoin ATMs, sell Bitcoin to dispense cash.Bitcoin ATMs are connected to the Internet, allowing people to connect directly with a Bitcoin exchange for a localized and convenient way to purchase Bitcoin in person. Common locations for Bitcoin ATMs are inside of a retail store, shop, tavern, restaurant, mall or airportBitcoin ATM ProvidersBitcoin ATM providers are companies that manufacture, deploy, and sometimes operate Bitcoin ATMs. These companies are responsible for the hardware and software that powers the machines, ensuring that they are secure, user-friendly, and compliant with local regulations. Some providers only focus on the production of the machines, while others might offer a comprehensive service package that includes deployment, maintenance, and regulatory compliance.Bitcoin ATM MapThere are tens of thousands of Bitcoin ATMs worldwide. Use the map to find Bitcoin ATM locations near youHow to buy bitcoin from a Bitcoin ATMStep 1: Get a Bitcoin walletWhen you purchase bitcoin, you need a place to store it. A Bitcoin wallet is a digital tool that allows users to store, send, and receive bitcoin securely. Creating a Bitcoin wallet is as easy as installing an app, like the Bitcoin.com Wallet app, on your mobile device or laptop/desktop. When you install the app, your Bitcoin wallet is automatically created. You can then receive bitcoin to your wallet immediately, storbe it safely, and use it as you please.Step 2: Find a Bitcoin ATM near youAccording to Coin ATM Radar, there are tens of thousands of Bitcoin ATMs globally. Most of them are in the United States, and there are some countries and regions that don’t have Bitcoin ATMs. You can use this tool to help you find a Bitcoin ATM near you.Step 3: Buy bitcoin from the ATMThe process for buying bitcoin from an ATM is typically something like this:Enter the amount to purchase. Depending on local regulations and the amount you are purchasing, you may be required to verify your identity.Provide your Bitcoin wallet address. You will do this by using the Bitcoin ATM's camera to scan the QR code of your Bitcoin wallet address that is displayed in your Bitcoin wallet app. Read more about how to find your Bitcoin wallet address.Pay. In addition to cash, you may be able to pay with credit card, payment app, etc.Receive the bitcoin in your Bitcoin wallet. This generally takes a few minutes. The Bitcoin ATM will provide you with a transaction ID that you can use to monitor the status of the purchase. You will see a confirmation in your Bitcoin wallet app when you have received the bitcoin.How to sell bitcoin from a Bitcoin ATMThe process for buying bitcoin from an ATM is typically something like this:Enter the amount to sell. Depending on local regulations and the amount you are selling, you may be required to verify your identity.Send bitcoin to the provided address. The Bitcoin ATM will generate a Bitcoin address for your transaction. You can scan the QR code of the provided address and send the bitcoin to that address using your Bitcoin wallet app. Learn how to securely send bitcoin here.Take your cash. Once the Bitcoin ATM receives the bitcoin, it will dispense your cash. This generally takes a few minutes, and you can monitor the status of the transaction using your Bitcoin wallet app.

From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies, making it overwhelming when you’re first getting started in the world of crypto. To help you get your bearings, these are the top 10 cryptocurrencies based on their market capitalization or the total value of all the coins currently in circulationTop 10 Cryptocurrencies Of 2023From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies, making it overwhelming when you’re first getting started in the world of crypto. To help you get your bearings, these are the top 10 cryptocurrencies based on their market capitalization or the total value of all the coins currently in circulation.Best Crypto To Buy NowFeatured Partner OffersWelcome OfferJoin eToro and get $10 of free Crypto! (US Only)Fees (Maker/Taker)1%/1%Cryptocurrencies Available for Trade20+1eToroLearn MoreVia eToro's WebsiteTrading Fees0.4% Maker Fee / 0.6% Taker FeeTradable Coins200+2CoinbaseLearn MoreOn Coinbase's Secure WebsiteFees (Maker/Taker)0.95%/1.25%Cryptocurrencies Available for Trade250+3UpholdLearn MoreOn Uphold's WebsiteTerms Apply. Cryptoassets are highly volatile. Your capital is at risk.1. Bitcoin (BTC)Market cap: $535.7 billionCreated in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy one Bitcoin for about $500. As of Oct. 10, 2023, a single Bitcoin’s price was around $27,459. That’s a growth of 5,392%.Advisor InvestingAdvertiser DisclosureTop 10 Cryptocurrencies Of 2023Kat TretinaContributorMichael AdamsEditorFact CheckedUpdated: Oct 10, 2023, 10:56amEditorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.Top 10 Cryptocurrencies Of 2023GettyFrom Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies, making it overwhelming when you’re first getting started in the world of crypto. To help you get your bearings, these are the top 10 cryptocurrencies based on their market capitalization or the total value of all the coins currently in circulation.Best Crypto To Buy NowFeatured Partner OffersWelcome OfferJoin eToro and get $10 of free Crypto! (US Only)Fees (Maker/Taker)1%/1%Cryptocurrencies Available for Trade20+1eToroLearn MoreVia eToro's WebsiteTrading Fees0.4% Maker Fee / 0.6% Taker FeeTradable Coins200+2CoinbaseLearn MoreOn Coinbase's Secure WebsiteFees (Maker/Taker)0.95%/1.25%Cryptocurrencies Available for Trade250+3UpholdLearn MoreOn Uphold's WebsiteTerms Apply. Cryptoassets are highly volatile. Your capital is at risk.1. Bitcoin (BTC)Market cap: $535.7 billionCreated in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy one Bitcoin for about $500. As of Oct. 10, 2023, a single Bitcoin’s price was around $27,459. That’s a growth of 5,392%.Related: How To Buy Bitcoin2. Ethereum (ETH)Market cap: $189.7 billionBoth a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).Ethereum has also experienced tremendous growth. From April 2016 to the end of October 2023, its price went from about $11 to around $1,578, increasing 14,244%3.Tether (USDT)Market cap: $83.5 billionUnlike some other forms of cryptocurrency, Tether (USDT) is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins.4. Binance Coin (BNB)Market cap: $31.9 billionBinance Coin (BNB) is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world. Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform. Now, it can be used for trading, payment processing or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.BNB’s price in 2017 was just $0.10. By late October 2023, its price had risen to around $207, a gain of 207,066%.Related: How To Buy Cryptocurrency5. XRP (XRP)Market cap: $26.5 billionCreated by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.At the beginning of 2017, the price of XRP was $0.006. As of Oct. 10, 2023, its price reached $0.50, equal to a rise of 8,175%.6. U.S. Dollar Coin (USDC)Market cap: $25.4 billionLike Tether, USD Coin (USDC) is a stablecoin, meaning it’s backed by U.S. dollars and aims for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum, and you can use USD Coin to complete global transactions.7. Solana (SOL)Market cap: $9.2 billionDeveloped to help power decentralized finance (DeFi) uses, decentralized apps (DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms to process transactions quickly and securely. SOL, Solana’s native token, powers the platform.When it launched in 2020, SOL’s price started at $0.77. By late October 2023, its price was around# $22.17, a gain of 2,779%.

Bitcoin on Tuesday, October 17 recorded profits of 3.42 percent, making for the highest single-day spike it has recorded in the last two weeks. With this, the price of BTC has reached $28,175 (roughly Rs. 23.4 lakh). In the last 24 hours, the value of BTC rose by $971 (roughly Rs. 80,817). This happened after crypto news publication CoinTelegraph falsely claimed that a spot BTC ETF was approved. Asset management firm BlackRock along with other entities of the crypto community soon debunked this information, leading CoinTelegraph to issue an official apology.Ether reflected a gain of 1.56 percent in the last 24 hours. ETH is currently trading at $1,588 (roughly Rs. 1.32 lakh). This marks a price hike of $26 (roughly Rs. 2,164) for ETH in the last 24 hours.SearchAmazon SaleLatestNewsReviewsRechargeVideosMobilesEntertainmentLaptopsProduct FinderCompareGuideFeaturesOpinionsScienceTrendingHomeCryptocurrencyCryptocurrency NewsCrypto Price Today: Bitcoin Price Surges After Spread of False ETF Approval News, Most Altcoins See GainsIn the last 24 hours, the value of BTC rose by $971 (roughly Rs. 80,817).AdvertisementWritten by Radhika Parashar, Edited by Siddharth Suvarna | Updated: 17 October 2023 12:06 ISTHIGHLIGHTSBinance Coin, Ripple recorded gainsDogecoin saw gains, Shiba Inu saw lossesUniswap, Binance USD recorded dipsCrypto Price Today: Bitcoin Price Surges After Spread of False ETF Approval News, Most Altcoins See GainsThe crypto market cap stands at $1.09 trillion as of October 17Photo Credit: Pixabay/ WorldSpectrumWhatsappFacebookGadgets360 Twitter ShareSnapchatEmailgoogle-newsBitcoin on Tuesday, October 17 recorded profits of 3.42 percent, making for the highest single-day spike it has recorded in the last two weeks. With this, the price of BTC has reached $28,175 (roughly Rs. 23.4 lakh). In the last 24 hours, the value of BTC rose by $971 (roughly Rs. 80,817). This happened after crypto news publication CoinTelegraph falsely claimed that a spot BTC ETF was approved. Asset management firm BlackRock along with other entities of the crypto community soon debunked this information, leading CoinTelegraph to issue an official apology.Ether reflected a gain of 1.56 percent in the last 24 hours. ETH is currently trading at $1,588 (roughly Rs. 1.32 lakh). This marks a price hike of $26 (roughly Rs. 2,164) for ETH in the last 24 hours.Coin's btc price spiked toward $30,000 (roughly Rs. 25.8 lakh) due to a misleading post on X (formerly Twitter) by the crypto news site Cointelegraph, falsely claiming a spot Bitcoin ETF approval. This led to $100 million (roughly Rs. 832 crore) in liquidations. BlackRock and other sources promptly debunked the claim, and Cointelegraph later issued an apology for spreading inaccurate information. Subsequently, Bitcoin returned to $28,000 (roughly Rs. 24.4 lakh) and currently holds slightly above that level,” the CoinDCX research team told Gadgets360.The overall market rose by 0.85 percent in the last 24 hours to now stand on the valuation of $1.09 trillion (roughly Rs. 90,69,617 crore) showed CoinMarketCap.“BlackRock's iShares ETF filing initiated a wave of similar submissions by other asset managers like WisdomTree, Invesco, and Fidelity, promising potential investment inflow. While some analysts anticipate a spot Bitcoin ETF by year-end, the SEC has made no official statements. Zcash (ZEC) and UMA (UMA) have been the top gainers on WazirX in the last 24 hours,” Rajagopal Menon, Vice President, WazirX told Gadgets360.