Bitcoin to $35000 on positive sentiment from investors

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MUMBAI: Led by Bitcoin, cryptocurrencies saw a huge rally on Dussehra. In the last twenty-four hours, Bitcoin jumped more than 5000 dollars and again reached the level of 35000 dollars. Bitcoin has seen a steady improvement over the past five days as Exchange Traded Bitcoin Funds are now close to becoming a reality.

In the last twenty-four hours, Bitcoin was seen as high as $35198. Other crypto Ethereum also saw a surge. Bitcoin price has doubled in 2023. The global market cap of cryptocurrencies also increased to cross $1.29 trillion. Bitcoin price has seen its highest level since May 2022.

The price fell to $34,400 late in the evening following a profitable sell-off at the high end. The price of Ethereum was set at 1830 dollars.

Bitcoin price has more than doubled in early 2023. At the end of December 31, 2022, the market cap was 790 billion dollars. At the beginning of 2023, the price of Bitcoin was 16801 dollars while Ethereum was 1250 dollars.

The positive sentiment seen in cryptocurrencies last weekend continues. Prices of major cryptos like Bitcoin, Ethereum were bullish for the fifth day in a row on Tuesday.

With the approval of Bitcoin ETFs, more investors are expected to enter the crypto market, and due to this, prices are expected to increase in volume and liquidity.

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