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Bitcoin eyes $30k as analysts predict post-ETF surge

October 19, 2023


Cryptocurrency prices crept higher on Thursday as Monday’s false spot Bitcoin (BTC) ETF story managed to reignite interest in the top cryptocurrency, with multiple analysts saying BTC could quickly climb into a range between $42,000 and $56,000 after the approval of a spot ETF does take place.

Stocks saw a volatile day of trading as they opened under pressure, managed to climb into the green near midday, and then slid back into the red in the afternoon. The source of the volatility was the Federal Reserve, as Fed Chair Jerome Powell said inflation is still too high and signaled that the central bank intends to hold interest rates high for an extended period of time as economic growth remains strong.

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