Bitcoin (BTC) returned to beat the week’s four-month highs on Oct. 8, climbing $2,000 in two hours.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBTC’s price beats Wednesday’s high
Wednesday’s dramatic uptick had topped out at $55,800, this remaining the level to beat as the pair then spent Thursday consolidating.
I think we have another $BTC pump coming right away.
A brutal one, if I must say.
— Galaxy (@galaxyBTC) October 7, 2021
Amid anticipation of fresh upside from traders, talk beyond price action continued to focus on the likelihood of an exchange-traded fund (ETF) approval from United States regulator — and its implications.
As Cointelegraph reported, confidence is high that a futures-backed