Night cat.....
Bitcoin (BTC) capitalization has grown 10.3% over the past seven days and reached almost $600 billion.
The BTC rate strengthened on Monday, October 23, by 2.5% to $30,655. Ether (ETH) soared by 6% to $1,675.5, and the altcoin’s capitalization exceeded $201.5 billion.
Solana (SOL) soared 30% last week to $29.78, while Cardano (ADA) rose to $0.264. The value of all digital currencies has reached $1.16 trillion.
Bloomberg recalled that asset managers BlackRock and Fidelity Investments are just trying to get approval from the Securities and Exchange Commission (SEC) to launch exchange-traded crypto ETFs for Bitcoin.
Conversations on this topic created the conditions for the return of the bullish trend. Traders reacted positively to the Federal Reserve's comments. FN
In annual terms, BTC growth was 87%. The Bloomberg Galaxy Crypto 100 Index increased only 44% during the same time.
Bitcoin dominance is approaching 50%. The last time this figure was at this level was in 2021.
A9
