The price of Bitcoin breached the $34,000 level to hit its highest value since May 2022, encouraged by optimism around the possibility of a Bitcoin ETF.
Bitcoin was trading at one point on Tuesday morning, 23rd October 2023 touched $34,940 before pulling back.
Bitcoin one month chart October 2023
Anticipation of a Bitcoin ETF grew after the court sided with Grayscale over the U.S. SEC in its bid to turn its huge GBTC Bitcoin fund into an ETF.