Bitcoin price has seen a notable increase in the past week. The rise has been driven in some part by anticipation over the possible approval of multiple spot Bitcoin ETF filings.
Bitcoin (BTC-USD) has risen by around 6% in the past week, now changing hands at $28,354, (£23,390) according to CoinGecko data.
This is a retrace from a brief spike to $30,000, that was reached on Monday, after a false report inaccurately asserted that BlackRock’s proposed spot bitcoin ETF had gained approval. The report by Cointelegraph caused a surge in trading activity and volatility. While bitcoin pulled back after the report was debunked, it has still gained throughout the week, closing in on $29,000 on Wednesday.
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