<\/p>\n
Bitcoin\u2019s price continues charting gains, and it seems that the weekend has caught bears unprepared.<\/p>\n
At the time of this writing, BTC is up 2.1% on the day, trading at above $30K \u2013 an important psychological and resistance level. It\u2019s worth noting that it\u2019s not the first time this week that Bitcoin has tried to overcome $30K.<\/p>\n
On October 16th, prompted by false reports of an approved spot Bitcoin ETF, the BTC price shot up to around $30K on Binance. As soon as the reports were proven to be fake, however, the market corrected.<\/p>\n
Two days later, Bitcoin\u2019s price once again shot up to $30K but was once again unable to sustain itself above this pivotal level.<\/p>\n
At the time of this writing, BTC trades at $30,101, up 2% on the day and 12% on the week. There doesn\u2019t seem to be a particular reason for the increase, but the broader market optimism toward potential approval of a spot BTC ETF by the United States Securities and Exchange Commission might be a driving force.<\/p>\n The total trading volume remains relatively low at around $34 billion for the past 24 hours, according to data from CoinGecko. The rest of the market is also trading well in the green, with ETH charting 1.6% gains in the past day as well.<\/p>\n Data<\/a> from Coinglass reveals that the past day saw a total of $68 million worth of liquidated derivatives positions.<\/p>\n
\nBinance Free $100 (Exclusive): Use this link<\/a> to register and receive $100 free and 10% off fees on Binance Futures first month<\/b> (terms<\/a>).<\/p>\n