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Bitcoin-related altcoins surge as BTC ETF rumors spread across the sector
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On Oct. 14, bulls flexed their muscles and showed their intent to push the price of Bitcoin (BTC) closer to its $65,900 all-time high. One reason for the move is the steady chatter about the possibility of a Bitcoin exchange-traded fund (ETF) being approved by the end of October.
Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $54,103 on Oct. 13, the price of Bitcoin rallied 8.2% to an intraday high of $58,532 on Oct. 14 as the ETF discussion made fresh rounds on Crypto Twitter.
The spike above $58,500 is also significant because it marks a 100% increase in the price of BTC since bottoming at $29,193 on July 20, signaling a strong recovery and increasing demand.
Bitcoin’s price performance is also a
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