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COINTURK NEWS > Bitcoin (BTC) > Interest in Bitcoin Grows with Increased Attention to Wikipedia Page
Bitcoin (BTC)

Interest in Bitcoin Grows with Increased Attention to Wikipedia Page

In Brief

  • With the renewed optimism that multiple asset management companies’ applications for a Bitcoin exchange-traded fund (ETF) will be approved by the U.S. Securities and Exchange Commission (SEC), many investors who have been observing the cryptocurrency market from the outside seem to be rekindling their interest in the market.ContentsInterest in Bitcoin Page on Wikipedia is IncreasingCurrent […]
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COINTURK NEWS 2 years ago
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With the renewed optimism that multiple asset management companies’ applications for a Bitcoin exchange-traded fund (ETF) will be approved by the U.S. Securities and Exchange Commission (SEC), many investors who have been observing the cryptocurrency market from the outside seem to be rekindling their interest in the market.

Contents
Interest in Bitcoin Page on Wikipedia is IncreasingCurrent Status of Bitcoin

Interest in Bitcoin Page on Wikipedia is Increasing

According to data shared by The Block Pro, the crypto analysis arm of The Block, the daily page views on the Bitcoin page of the non-profit world’s largest internet encyclopedia, Wikipedia, reached 7,830 on September 8. This is considered a high figure seen since the beginning of the year, and it is believed to have increased in anticipation of the approval of a spot Bitcoin ETF.

As noted by platform analysts, the media’s interest and the increasing possibility of a spot Bitcoin ETF being approved soon are prompting people to research Bitcoin and understand what it is.

On the other hand, former SEC employee John Reed Stark, who previously served as an attorney at the federal regulatory agency, expressed the opinion that the possibility of approving a spot Bitcoin ETF is almost nonexistent, citing new evidence claiming that manipulation is widespread in the cryptocurrency market.

Current Status of Bitcoin

The largest cryptocurrency, Bitcoin, is currently trading at $26,624 with a 1.77% increase during the day at the time of writing this article. Bitcoin, which has gained 3.68% in the past 7 days, is experiencing a high rate of decline, 9.17%, in the monthly time frame. Furthermore, data shows that BTC has increased by 58.82% since the beginning of the year.

Considering everything, the approval of a spot Bitcoin ETF would be a positive development for the cryptocurrency market, which has almost become certain. In particular, the application for a spot Bitcoin ETF by BlackRock, the world’s largest asset management company, has led to speculation that this approval will come sooner or later.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 14 September, 2023 - 5:25 pm 14 September, 2023 - 5:25 pm
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