As of October 20, 2024, Bitcoin (BTC) is seeing significant growth and interest in the cryptocurrency market. Here are the key points to consider:
### Current Price and Dynamics
- **Price as of October 20**: Bitcoin is trading at $68,214, up 7.9% over the past week and 8.4% over the month [[2]](https://incrypted.com/weekly-bytkoyn-vyshe-68-000-ukrayna-v-lyderah-po-kryptotranzaktsyjam/).
- **Rate growth**: From October 14 to October 20, 2024, the price of Bitcoin rose from $62,500 to more than $68,000, indicating a strong rally [[2]](https://incrypted.com/weekly-bytkoyn-vyshe-68-000-ukrayna-v-lyderah-po-kryptotransaktsyjam/).
### Factors Driving Growth
1. **SEC Approval**: The U.S. Securities and Exchange Commission (SEC) has approved applications for spot Bitcoin ETF options trading on the NYSE and Cboe stock exchanges, which has become a major factor in the growing interest in Bitcoin [[2]](https://incrypted.com/weekly-bytkoyn-vyshe-68-000-ukrayna-v-lyderah-po-kryptotranzaktsyjam/).
2. **Political Environment**: Analysts believe that the current political situation and the emergence of new asset classes, such as spot ETF options, are driving up the price of the first cryptocurrency [[2]](https://incrypted.com/weekly-bytkoyn-vyshe-68-000-ukrayna-v-lyderah-po-kryptotranzaktsyjam/).
