A major recent event affecting the cryptocurrency market is the news that the U.S. Securities and Exchange Commission (SEC) may approve a Bitcoin spot ETF, a decision expected to be made in early 2024. This could prompt increased demand for Bitcoin, pushing its price higher. At the same time, the Bitcoin “halving event” in 2024 will further reduce the supply of new Bitcoins, which may put upward pressure on prices.

In addition, Elon Musk’s dog Marvin will celebrate his birthday on November 1, which may become an opportunity to promote Marvin-related cryptocurrencies. As the crypto community pays attention to Musk and his influence, this special day may be used for marketing and celebrations, further affecting the price fluctuations and market popularity of Marvin-related tokens. 2815733